sir , Is transfer payments a part of government expenditure ?
if yes , then hum unhe alag alag kyu likhte hai ?
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Transfer payments are govt expenditure…
But these are not included while computing national income as transfer payments are not given in consideration for any productive activity like unemployment allowance, pension…
But when we calculate Personal income then transfer payments are included as in personal income we taking overall income from all sources whether received in consideration of productive or not…after all it forms part of our consumable income
Thus, it has two different treatments