Transfer payments are O a excluded when calculating GDP because they only refiect inflation Ob excluded when calculating GDP because they do not reflect current production. O c included when calculating GDP because they are a category of investment spending O d. included when calculating GDP because they increase the spending of recipients

Transfer payments are O a excluded when calculating GDP because they only refiect inflation Ob excluded when calculating GDP because they do not reflect current production. O c included when calculating GDP because they are a category of investment spending O d. included when calculating GDP because they increase the spending of recipients

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 3.7P

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Typed and correct answer please. I ll rate