Economy, asked by nishthajain20032, 8 months ago

retirement pension received by a senior citizen is national income or domestic income why?

Answers

Answered by kandipalliramya

Answer:

Old age pension is paid to people after retirement who no longer provide any productive services in exchange. ... The pension is income for those who receive it, however, no new income is generated in the economy, hence it is a transfer payment....

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