Economics · National Income Accounting
What is 'Transfer Income' or a 'Transfer Payment'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Income earned from providing a factor service
- 2Income received without rendering any productive service in return✓
- 3Income generated through illegal practices
- 4Total profit earned by a public sector enterprise
Correct answer
Income received without rendering any productive service in return
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