Transfer payments are

Question

Quizplus · Accepted Answer

Transfer payments are payments made by governments, typically to individuals or groups, without any exchange of goods or services. Examples include welfare payments, subsidies, and pensions. This is distinct from government tax receipts (B) or expenditures on goods and services (C), which involve a transaction or exchange. Social Security taxes paid by employers (D) is not a transfer payment, as it involves a contribution to a specific government program rather than a payment to an individual or group.

Transfer Payments Are