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.
Correct Answer:

Verified
Correct Answer:
Verified
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