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Government transfer payments, such as Social Security and unemployment benefits, are ?
1. not included in government purchases, but they are included in the consumption component of
GNP
2. not included in government purchases
3. included in government purchases but not in GNP
4. not included in government purchases, but they are part of the investment component of GNP
5. included in government purchases

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Government transfer payments- such as Social Security and unemployment.pdf

  • 1. Government transfer payments, such as Social Security and unemployment benefits, are ? 1. not included in government purchases, but they are included in the consumption component of GNP 2. not included in government purchases 3. included in government purchases but not in GNP 4. not included in government purchases, but they are part of the investment component of GNP 5. included in government purchases