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With respect to GDP, how are transfer payments treated? Select one: They are not included in GDP because taxes will have to be raised to

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With respect to GDP, how are transfer payments treated? Select one: They are not included in GDP because taxes will have to be raised to pay for them. O They are included in GDP because they represent income to individuals O They are included in GDP because the income will be spent for consumption. O They are not included in GDP because they are not payments for currently produced goods or services

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