Old age pension is included/excluded in National Income
Old age pension is included/excluded in National Income
Anurag Pathak Changed status to publish December 7, 2023
No,
It will not be included in the national income as it is a transfer payment made by the government and a transfer income for the receiver.
Old age pension is provided by the government to the senior citizen free of cost.
Senior citizens do not provide any productive services against it.
Thus, it does not add to the flow of goods in the economy.
Anurag Pathak Changed status to publish December 7, 2023
