A transfer payment is defined as a:
Tap an option to check your answer.
UoH 2013 Question 21: National income accounting
Answer and worked solution
Checking your account…
National income accounting has come up 132 times in 6 exams since 2010.
What this question tests
This question is on What counts in GDP, part of National income accounting in Macroeconomics.
The boundary of GDP: which transactions and goods are counted and which are not.
TestStop has 18 past-paper questions on this subtopic; the nearest in year are below.
Similar questions from other papers
- Which one of the following is not a principal macro-economic goal?
- Which one of the following statements is CORRECT in the context of Gross Domestic Product (GDP) calculation?
- Which of the following is excluded from headline inflation to arrive at core inflation?
- Which of the following statements is/are CORRECT in the context of National Income Accounting?
- If a Japanese citizen owns an apartment in India, then the rental income that she earns from that apartment is part of.
Question from the UoH 2013 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.