Economics · Public Finance
Consider the following statements regarding transfer payments: 1. They represent government payments made without a direct concurrent exchange of goods or services. 2. They contribute directly to the calculation of national income (GDP). 3. They are primarily utilized by governments for the redistribution of income. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 22 and 3 only
- 31 and 3 only✓
- 41 and 2 only
Correct answer
1 and 3 only
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