Question

Identify the correctly matched pair of items in Column A to those in Column B:

Column A		Column B
1	Total of factor payments	(a)	Value Added Method
2	Value Added	(b)	Stock Variable
3	Festival gifts	(c)	Transfer payments
4	Final expenditure incurred by the government	(d)	Consumption expenditure

Options

• 1 - (a)

• 2 - (b)

• 3 - (c)

• 4 - (d)

Answer 1

3 - (c)

Explanation:

Transfer payment occurs when no products or services are exchanged in exchange for monetary payment.