Solve these 3 questions...23-25

QUESTION 23 Unemployment compensation is O a. not part of GDP because the payments reduce business profits. O b. not part of GDP because it is a transfer payment. O c. part of GDP because the recipients must have worked in the past to qualify. O d. part of GDP because it represents income. QUESTION 24 GDP is equal to O a. the market value of all final goods and services produced within a country in a given period of time. O b. Y. O c. C + 1+ G+ NX. O d. All of the above are correct. QUESTION 25 An increase in the minimum wage O a. increases both the quantity demanded and the quantity supplied of labor. O b. decreases the quantity of labor demanded but increases the quantity of labor supplied. O C. decreases both the quantity demanded and the quantity supplied of labor. O d. increases the quantity of labor demanded but decreases the quantity of labor supplied