True or False: Transfer payments reallocate income from one individual to another and are included in government expenditures. Therefore, transfer payments are included in the calculations for GDP. O True O False

ENGR.ECONOMIC ANALYSIS
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1. Study Questions and Problems #1
True or False: Transfer payments reallocate income from one individual to another and are included in government expenditures. Therefore, transfer
payments are included in the calculations for GDP.
True
False
Transcribed Image Text:1. Study Questions and Problems #1 True or False: Transfer payments reallocate income from one individual to another and are included in government expenditures. Therefore, transfer payments are included in the calculations for GDP. True False
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