What are transfer payments

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Reference no: EM131082070

-What are transfer payments, and how do they make their way into the GDP calculation?

-If one added up the value of all intermediate goods that went into the production of real GDP, the total value of intermediate goods would be

a. Less than the GDP.

b. None of the choices are correct.

c. Equal to the GDP.

d. Greater than the GDP.

Reference no: EM131082070

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