Transfer payments are

A) such things as imputed rent and underground activity.
B) included in the national income account.
C) excluded from the personal income account.
D) included in the gross domestic product account.
E) excluded from the gross domestic product account because they do not reflect current production.

Transfer Payments

Government payments made to individuals or groups without requiring the recipients to provide goods or services in return, such as welfare benefits or social security.

Gross Domestic Product

The total value of all goods and services produced within a country's borders in a specific time period, serving as a broad measure of overall domestic production.

National Income Account

A set of accounts that provides detailed information about a country’s economic activity, such as GDP, GNP, and national income.