Which of the Following Transfer Payments Is Included in GDP

question 210

Multiple Choice

Which of the following transfer payments is included in GDP?

• A) welfare payments
• B) Social Security payments
• C) veteran's benefits
• D) none of the above

---

Definitions:

Incarceration

The act of confining someone in a prison or similar facility.

Compensatory Damages

Compensatory Damages are awarded in civil lawsuits as a monetary compensation to the plaintiff for losses or injuries suffered due to the defendant's actions.

Breach of Contract

The failure to perform as specified in a contract without a legitimate legal excuse.

Statute of Frauds

A legal concept that requires certain types of contracts to be executed in writing and signed by the party to be charged, in order to be enforceable.