Why aren't transfer payments included in calculations of GDP? (a) transfer payments are not income to recipients
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Question:
Why aren't transfer payments included in calculations of GDP? (a) transfer payments are not income to recipients derived from the production of new goods and services; (b) transfer payments are not included in the federal budget, so they cannot be included; (c) transfer payments require recipients to provide services to the federal government; (d) only states make transfer payments.
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