Transfer payments are
A) included in GDP because they represent income to individuals.
B) included in GDP because they eventually will be spent on consumption.
C) not included in GDP because they are not payments for currently produced goods or services.
D) not included in GDP because taxes will have to be raised to pay for them.
Correct Answer:
Verified
Q42: A stove is produced by a firm
Q43: A transfer payment is
A)a payment for moving
Q44: Which of the following items is counted
Q45: Which of the following items is included
Q47: Which of the following represents a transfer
Q48: Which of the following is included in
Q50: The U.S.government pays an economist at the
Q184: To encourage formation of small businesses, the
Q185: Unemployment compensation is
A)part of GDP because it
Q192: A transfer payment is a payment made
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents