Answer: c. not included in GDP because they are not payments for currently produced goods or services.
Explanation: Transfer payments are usually not included in the GDP because they do not represent payments made for recently produced goods or services.
The Gross Domestic Product (GDP) is the monetary value attached to all finished goods and services produced within a country during a time period.
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According to the VRIO framework, in order for a firm to gain a temporary competitive advantage, a resource must be at least both Valuable and rare.
<h3>
Which of the following is a part of the VRIO framework?</h3>
- A four-pronged review of an organization's resources and long-term success indicators is provided by the VRIO Framework.
- It emphasizes Value, Rarity, Imitability, and Organization as its four key objectives.
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What does VRIO framework?
- The abbreviation VRIO stands for a four-question framework that considers value, rarity, imitability, and organization when assessing an organization's capabilities and resources.
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What is value in VRIO framework?</h3>
- Value, rarity, imitability, and organization are all letters in the acronym VRIO.
- Businesses must examine each resource in the internal value chain to determine its worth, rarity, uniqueness, and organization.
Learn more about VRIO framework here:
brainly.com/question/26286846
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