Multiple Choice
If the Canadian government pays a retired economist at the Ministry of Finance $80,000 in retirement benefits in 2015,how is the payment treated?
A) It is included in 2015 GDP as government purchases.
B) It is not included in 2015 GDP because it is a transfer payment.
C) It is included in 2015 GDP as transfer payments.
D) It is not included in 2015 GDP because it is part of government purchases.
Correct Answer:
Verified
Correct Answer:
Verified
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