Read the two statements and choose the correct option.
I. Royalty for the use of a mine is a part of rent.
II. Free uniforms given by a hospital to its nurses are part of compensation of employees.

Only ICorrect answerYour answerOnly IICorrect answerYour answerBoth I and IICorrect answerYour answerNeither I nor IICorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

Royalty is payment for a natural resource, which is counted with rent. I is true.
Payment in kind is part of compensation of employees. II is true.

Ten questions from Measuring National Income, at your own pace.

Ten questions from Measuring National Income, at your own pace.

Read the two statements and choose the correct option.I. Royalty for the use of a mine is a part of rent.II. Free uniforms given by a hospital to its nurses are part of compensation of employees.