Transfer payments are not included in the GNP of a,country because (a) it refers to capital gains

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Transfer payments are not included in the GNP of a,country because

(a) it refers to capital gains to these people who receive it.

(b) such incomes are earned through illegal adivities.

(c) such payments involve no exchange of goods and services.

(d) none of the above.

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Macroeconomics

ISBN: 9780124080669

2nd Edition

Authors: Debes Mukherjee

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