Since transfer payments by government are not associated with the production of goods and services, they are not included in GDP.

Name: Since transfer payments by government are not associated with the production of goods and services, they are not included in GDP.
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Question

​Since transfer payments by government are not associated with the production of goods and services, they are not included in GDP.

Quizplus · Accepted Answer

Transfer payments, such as social security or unemployment benefits, are not included in GDP calculations because they do not reflect the production of goods or services within an economy.

​Since Transfer Payments by Government Are Not Associated with the Production

Since Transfer Payments by Government Are Not Associated with the Production