With Respect to GDP, How Are Welfare Payments Treated

question 66

Multiple Choice

With respect to GDP, how are welfare payments treated?

• A) They are included in GDP because they represent payment for work performed in the past.
• B) They are included in GDP because they represent potential consumption.
• C) They are excluded from GDP because they do not represent current government purchases of goods and services.
• D) They are excluded from GDP because they are not private pensions.

---

Definitions:

Oz

An abbreviation for ounce, a unit of weight commonly used in the United States, equal to approximately 28.35 grams.

Body Surface Area

The total surface area of the human body, an important metric in medicine for calculating drug dosages and assessing physiological functions.

BSA

Often stands for Body Surface Area, a measurement used in medical tasks to calculate drug dosages and medical indicators.

Square Meters

A unit of area measurement in the metric system, used to quantify the size of an area, equal to the area of a square with sides that are one meter in length.