An example of transfer payments in national income accounting is

An example of transfer payments in national income accounting is
A. money transferred to another country
B. transfer of funds from one bank to another
C. unemployment allowance paid to the citizens
D. the amount paid to a worker on transfer
Correct Option: Answer is C
The answer is C. unemployment allowance paid to the citizens.
Transfer payments are payments made by the government to individuals or businesses without any goods or services being provided in return. They are considered to be non-exhaustive because they do not directly absorb resources or create output.

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