Asked by
Shaylee Billadeau
on Dec 12, 2024Verified
Government expenditures for Social Security and unemployment benefits are examples of
A) government consumption.
B) government investment.
C) government purchases.
D) transfer payments.
Transfer Payments
Payments made by the government to individuals without any expectation of a direct return service or goods, such as social security benefits.
Government Expenditures
Spending by the government on goods, services, and projects to fulfill its various functions, such as infrastructure, education, and defense.
- Understand the concept of transfer payments within government expenditures.
Verified Answer
MB
Learning Objectives
- Understand the concept of transfer payments within government expenditures.