Asked by
Esenaman Batirov
on Nov 05, 2024Verified
Transfer payments tend to ________ when overall economic growth is ________.
A) rise; high
B) fall; low
C) rise; low
D) rise; either high or low
Household Income
The combined gross income of all members of a household, encompassing wages, salaries, benefits, and other income streams.
Wages
Compensation provided to employees for their work, often determined based on the number of hours, days, or items produced.
Salaries
Fixed regular payments, typically paid on a monthly basis, but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker.
- Describe the impact of economic conditions on transfer payments.
Verified Answer
MP
Learning Objectives
- Describe the impact of economic conditions on transfer payments.