Which of the following is included in government expenditures when measuring the GDP? a) Pension payments...
Which of the following is included in government expenditures when measuring the GDP?
a) Pension payments made to former Presidents.
b) Unemployment compensation payments.
c) Social Security payments.
d) The current President's salary.
Homework Answers
Transfer payments does not included in the government expenditure when measuring the GDP.
Transfer payments include social security payment, unemployment benefit, pension payment, subsidies etc.
Hence, the current President's salary is included in the government expenditure when measuring the GDP, because this payment is for the service of President the nation receiving in return.
Answer: Option (D)
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