Cass was paid $500 in Old Age Security from the government. Though it was an expenditure made by the government, it is not included in the G component of GDP. Explain why.

Question

Quizplus · Accepted Answer

The Answer of Cass was paid $500 in Old Age Security from the government. Though it was an expenditure made by the government, it is not included in the G component of GDP. Explain why.

Cass Was Paid $500 in Old Age Security from the Government