Assertion (A): Transfer Payments are not included in the national income estimation. Reason (R): Transfer Payments are not earnings for factor services. Choose the correct option from below:

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Economics · National Income Accounting

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Both (A) and (R) are true and (R) is the correct explanation of (A).

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Answer 1

Both (A) and (R) are true and (R) is the correct explanation of (A).

Answer 2

Both (A) and (R) are true but (R) is not the correct explanation of (A).

Answer 3

(A) is false but (R) is true.

Answer 4

(A) is true but (R) is false.

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