An expenditure by the government for which no products or services are received in exchange is called a
A) tax.
B) public good.
C) transfer payment.
D) multiplier.
E) stabilizer.

Question

Quizplus · Accepted Answer

Transfer payments are payments made by the government to individuals or groups without any corresponding good or service being received in return. Examples include Social Security, unemployment benefits, and welfare programs.

An Expenditure by the Government for Which No Products or Services