The difference between government purchases and government expenditures is largely due to:

Question

Quizplus · Accepted Answer

The difference between government purchases and government expenditures is largely due to transfer payments. Government purchases refer to spending on goods and services that are directly consumed or invested by the government, such as infrastructure or public employee salaries. Government expenditures include these purchases plus transfer payments, which are payments made by the government to individuals or other entities without receiving any goods or services in return, such as social security benefits, unemployment benefits, and other welfare programs.

The Difference Between Government Purchases and Government Expenditures Is Largely