A cash payment made by the government to people who do not supply goods, services or labor in exchange for the payment is a(n)

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A transfer payment is a cash payment made by the government to people who do not supply goods, services, or labor in exchange for the payment. Transfer payments are made to help individuals or families meet certain basic needs. Examples of transfer payments include welfare and social security benefits. A budget deficit is the amount by which government spending exceeds government revenue in a given period of time. "In kind" payments refer to payments made in goods or services rather than cash. Dividend payments are payments made to shareholders by a corporation as a distribution of profits.

A Cash Payment Made by the Government to People Who