multiple choice question\ntransfer payments are not included in gdp because they\no are made through means…
multiple choice question\ntransfer payments are not included in gdp because they\no are made through means of bank transfers.\no are not made in exchange for current goods and services.\no are made in exchange for future goods and services.\no are not easily valued.
Answer
Brief Explanations:
GDP measures the market value of final goods and services produced within a country during a specific period. Transfer payments like welfare, social security are just re - distributions of income and not payments for current production of goods and services.
Answer:
are not made in exchange for current goods and services.