Using the national spending approach to measuring GDP,the social security checks the government sends retirees each month get included in GDP as part of:
A) consumption.
B) investment.
C) government purchases.
D) nothing;they are not included as part of GDP.

Question

Quizplus · Accepted Answer

Social security checks are considered transfer payments by the government and do not reflect the production of goods or services. Therefore, they are not included in the GDP calculation.

Using the National Spending Approach to Measuring GDP,the Social Security