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.

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