Can old age pension be included in national income?
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Answered by
2
Answer:
Old age pension must not be confused with retirement pension. old age pension is not included in national income as it is a transfer of payment. On the other hand, retirement pension is included in national income as it is a part of COE
Answered by
3
Answer:
hii mate
- No, it will not be included in the national income as it is a transfer payment made by the government and a transfer income for the receiver.
Explanation:
hope it's help u dear
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