An example of transfer payments in national income accounting is

Assessment: WAEC SSCE - Economics - 2022 (Objective) Subject: Economics

Question 1 Report

An example of transfer payments in national income accounting is
Answer Details
Transfer payment are payment of receipts not resulting from contribution to productive activities in the economy. They are mere transfers from one person to another, for example: pension, bursary, award, gift, unemployment benefit etc. When estimating or calculating national income, transfer payment are excluded
Read lesson note on National Income (WAEC)
Read lesson note on Public Finance (WAEC)
View Answer

Related Questions

1

Cooperative societies are formed mainly to
2

Which of the following factors is not a cause of change in demand? Changes in
3

A minimum price legislation is also called
4

Scale of preference shows
5

The use of the bank rate, cash ratio and open market operations constitute
6

If the quantity demanded of a commodity increases from 20 units to 30 units when there is an increase in price from $4.00 to $5.00, the elasticity of demand is
7

Gross National Product (GNP) less the provision for the wear and tear of assets is the
8

The sufficient condition for a firm to be in equilibrium is that the

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning