
Which of the following statements is true?
A) Transfer payments are not part of total government expenditures.
B) Transfer payments refer to the transfer of money internationally.
C) Transfer payments are the transfer of money by the Federal Reserve to people with low incomes.
D) Transfer payments are income transferred from a citizen who is earning income to another citizen, who may not be.
E) In 2009, transfer payments paid by all levels of government were less than $3 billion.
Correct Answer:
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