Economics · Macroeconomics
In Social Accounting Systems, transfer payments and net interest payments on public debt are classified under which entry in the Consumption (Personal Income/Outlay) Account?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Payments in Foreign Account
- 2Receipts in Consumption/Personal Account✓
- 3Capital Payments in Production Account
- 4Savings in Balance Sheet Account
Correct answer
Receipts in Consumption/Personal Account
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