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SOLVED:Why are transfer payments not included as a government expenditure when calculating GDP?

SOLVED:Why are transfer payments not included as a government exp…

The "government purchases" component of GDP does not include spending on transfer payments such as Employment Insurance. Thinking about the definition of GDP, explain why transfer payments are excluded. | Numerade

The "government purchases" component of GDP does not inclu…

SOLVED: How would the following affect GDP?a. Government transfer payments increase.b. Student sells used CD to record store.c. Car owner pays auto repair shop $ 500 to fix his car.

SOLVED: How would the following affect GDP?a. Government transfe…

SOLVED: The government purchases component of GDP does not include spending on transfer payments such as Social Security. Thinking about the definition of GDP, explain why transfer payments are excluded.

SOLVED: The government purchases component of GDP do…

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