Transfer payments, Managerial Economics

Transfer Payments

Are any payments made to households by the government that are not made in return for the services of factors of production i.e. there is no Quid pro Quo.  Such payments do not lead directly to any increase in output and for this reason they are not included in the nation GNP.

Posted Date: 11/28/2012 6:42:03 AM | Location : United States







Related Discussions:- Transfer payments, Assignment Help, Ask Question on Transfer payments, Get Answer, Expert's Help, Transfer payments Discussions

Write discussion on Transfer payments
Your posts are moderated
Related Questions
The most significant uses of the price elasticity of demand, used specifically in business decision-making. It refer to the relationship between price elasticity and the marginal c

If the marginal product of L is MPL = 10K - L and the marginal product of K is MPK = 10L - K, then what is the maximum possible output when the total amount that can be spent on K


isoquant and its properties

I was given a few spreadsheets and asked to do an income, balance and cash flow statement. It''s a lot of info and I have no idea what I''m doing

The Circular Flow of Income and Expenditure This is an economic model illustrating the flow of payments and receipts between domestic firms and domestic households. The househo

Ask questiHow does economic theory contribute to managerial decisions? on #Minimum 100 words accepted#

Marris constraints of growth maximisation

Consider the following hypothetical story: Last spring, there was an outbreak of a nasty disease known as cyclosporiasis, which was eventually traced to Guatemalan raspberries. Tog

Gold Although currently no country uses gold as its national currency, gold has a long history of use as commodity money and has almost universal acceptability.  Gold is still