Social Security benefits and expenditures on Medicare and Medicaid are classified as

Question

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Social Security benefits and expenditures on Medicare and Medicaid are transfer payments because they involve the transfer of income from one group (taxpayers) to another group (beneficiaries) without any production of goods or services. Transfer payments are payments made by the government to individuals or households for which no goods or services are exchanged.

Social Security Benefits and Expenditures on Medicare and Medicaid Are