Transfer payments are excluded from the government component in the calculation of GDP because
A) they do not represent the purchase of a good or a service.
B) they are small enough to ignore when computing the national accounts.
C) they are not counted as income by any economic agent.
D) it is difficult to assess the market value of a transfer payment.
E) they do not generate additional income in the economy.
Correct Answer:
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Q1: Which of the following is excluded from
Q3: When calculating GDP from the expenditure side,
Q4: Which of the following is the most
Q5: Which of the following purchases by households
Q6: Disposable personal income is calculated as
A)equal to
Q7: An example of a transfer payment is
A)government
Q8: When adding up the value of all
Q9: In macroeconomics, the term "capital goods" refers
Q10: If nominal GDP in some year is
Q11: Suppose that in 2000, Canada Cars Corporation
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