Question

Can old age pension be included in national income?

Answer 1

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

Answer 2

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:

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