Government transfer payments are basically defined as:
A)those which require service on the part of the recipient.
B)those for which the recipient gives no concurrent service in return.
C)receipts which do not increase the total purchasing power of all recipients.
D)intergovernmental flows that do not affect individuals directly.
E)that part of government expenditures on goods and services not financed by taxes.

Question

Quizplus · Accepted Answer

Government transfer payments are payments made by the government to individuals or households for which no current service is performed. These payments do not increase the total purchasing power of all recipients, they are simply a transfer from one party to another. Examples of transfer payments include social security, unemployment insurance, and welfare benefits.

Government Transfer Payments Are Basically Defined As