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Question

A transfer payment is a payment that is __:

A made by the government to its current workers Correct Answer Incorrect Answer
B made to people who are needy Correct Answer Incorrect Answer
C For in-kind services provided to the government Correct Answer Incorrect Answer
D For which no services or goods are rendered Correct Answer Incorrect Answer
E All of the above Correct Answer Incorrect Answer

Solution

Transfer Payment is the payment exchanged for return of no goods or services. It generally describes the welfare expenditure of the government such as subsidies, pensions, grants etc.

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