Economics · Macroeconomics
Which of the following items is treated as a transfer payment and therefore NOT included in the calculation of National Income?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Market value of final goods and services
- 2Gratuity payments
- 3Old-age or retirement pensions✓
- 4Wages and salaries in kind
Correct answer
Old-age or retirement pensions
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