Payments to households that do not require anything in exchange are called

Question

Quizplus · Accepted Answer

Transfer payments are payments made by the government to households or individuals that do not require anything in exchange, such as social security, unemployment benefits, or welfare payments. Government purchases refer to goods and services purchased by the government, consumption expenditures refer to purchases by households, and investment expenditures refer to spending by businesses on goods like equipment or buildings that will generate future benefits.

Payments to Households That Do Not Require Anything in Exchange