Payments by the government to the public,for which the government receives no current goods or services in return,are called

Question

Quizplus · Accepted Answer

Transfers are payments made by the government to the public, for which the government receives no current goods or services in return. Public saving refers to the difference between government revenue and government spending on goods and services. Net taxes refer to taxes paid by the public to the government, minus transfer payments received by the public from the government. Capital losses refer to losses incurred by the government in its investments. Liabilities refer to the debts owed by the government.

Payments by the Government to the Public,for Which the Government