Social Security payments to retired persons is an example of:
A) government spending shortages, and they always lead to deficits.
B) a government purchase.
C) a transfer payment.
D) income measured by using the value-added approach.

Question

Quizplus · Accepted Answer

Social Security payments to retired persons are transfer payments, as they involve the government transferring income from one group (taxpayers) to another group (retired persons).

Social Security Payments to Retired Persons Is an Example Of