Social Security payments are
A)included in GDP.
B)not included in GDP,but are included in Gross Domestic Income accounts.
C)not included in GDP.
D)not included in GDP,but are included in Net Domestic Product.

Question

Quizplus · Accepted Answer

Social Security payments are transfer payments, which means that they are payments made from one group or individual to another without any corresponding production of goods or services. Therefore, they are not counted in GDP, which measures the total value of all final goods and services produced within a country's borders in a given time period.

Social Security Payments Are