All of the following are government outlays EXCEPT
A) transfer payments.
B) expenditure on goods and services.
C) purchases of corporate bonds.
D) interest on the government's debt.

Question

Quizplus · Accepted Answer

Government outlays refer to the total amount of money that the government spends in a given period. This includes transfer payments (such as welfare or unemployment benefits), expenditure on goods and services (such as salaries of government employees or spending on infrastructure projects), and interest on the government's debt. However, purchases of corporate bonds are not a type of government outlay.

All of the Following Are Government Outlays EXCEPT