In the determination of production of goods or services with respect to GDP, transfer payments are included.

Name: In the determination of production of goods or services with respect to GDP, transfer payments are included.
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Quizplus · Accepted Answer

Transfer payments, which are payments made to individuals or businesses without any production of goods or services, are not included in the calculation of GDP. Only the production of final goods and services are counted towards GDP.

In the Determination of Production of Goods or Services with Respect