Transfer Payments Are Not Included in GDP Because

question 23

Multiple Choice

Transfer payments are not included in GDP because

• A) their market value cannot be accurately determined.
• B) they do not generate additional income.
• C) their value is included in government expenditure.
• D) they are not purchases of goods or services.

---

Definitions:

Outsourcing Decision

The process by which a company decides whether to allocate specific operational tasks or processes to external vendors rather than completing them internally.

Design Phase

A preliminary stage in the development process where the specifications, features, and requirements of a project are defined.

Supply Chain Function

The activities and operations involved in moving a product from the supplier to the customer.

Supply Chain Profitability

The overall financial gain achieved throughout the supply chain, from suppliers to end consumers.