Social Security payments are Answer a. included in GDP because they represent cu

Question

Social Security payments are Answer a. included in GDP because they represent current income. b. excluded from GDP because they do not reflect the economy’s production. c. included in GDP because they represent potential consumption. d. excluded from GDP because they are not private pensions. Social Security payments are included in GDP because they represent current income. excluded from GDP because they do not reflect the economy’s production. included in GDP because they represent potential consumption. excluded from GDP because they are not private pensions. a. included in GDP because they represent current income. b. excluded from GDP because they do not reflect the economy’s production. c. included in GDP because they represent potential consumption. d. excluded from GDP because they are not private pensions.

Explanation / Answer

b. excluded from GDP because they do not reflect the economy's production.

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