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4. What are government transfer payments and why are they not included in the calculation of GDP? 5. Why are financial transactions not included in

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4. What are government transfer payments and why are they not included in the calculation of GDP? 5. Why are financial transactions not included in the calculation of GDP? Part 2: Practice- Identify if each of the following is an example of consumer spending (C), investment spending (1), government spending (G), net exports (XN), or not counted in GDP (NC)

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