NasirKA9426 NasirKA9426
  • 11-03-2018
  • Business
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Transfer payments are not included in gdp calculation because these are

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MrsTriplet MrsTriplet
  • 23-03-2018
Transfer payments are not included in the GDP calculation because they are transfers of income within one organization or group to group. Transfer payments are not used to purchase a good or service. Examples of transfer payments are social security, students grants, unemployment pay and others. 
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