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Why aren't transfer payments included in calculations of GDP? (a) transfer payments are not income to recipients derived from the production of new goods and
Why aren't transfer payments included in calculations of GDP? (a) transfer payments are not income to recipients derived from the production of new goods and services; (b) transfer payments are not included in the federal budget, so they cannot be included; (c) transfer payments require recipients to provide services to the federal government; (d) only states make transfer payments.
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