Question

Is pension at the time of retirement is different from pension after retirement?....if so pension at the time of retirement is included in national income or not?.....plz say me

Answer 1

Answer:

No. pension will not be included in national income. Transfer incomes such as old age pension, unemployment allowance and scholarships are not to be included in national income because transfer are not production activity and do not reflect any production of goods and services in economy..

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