What is NOT in included in the expenditure approach to GDP accounting?
A)transfer payments
B)investment
C)government purchases
D)imports

Name: What is NOT in included in the expenditure approach to GDP accounting? A)transfer payments B)investment C)government purchases D)imports
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Question

Quizplus · Accepted Answer

Transfer payments, such as welfare and social security, do not represent current production of goods and services, and therefore they are not included in GDP accounting.

What Is NOT in Included in the Expenditure Approach to GDP