Government payments to households for which no good or service is provided in return are called:

Question

Quizplus · Accepted Answer

Transfer payments are payments made by the government to households for which no goods or services are provided in return, such as welfare or Social Security benefits. Government purchases refer to the acquisition of goods and services by the government for public use. Consumption expenditures refer to purchases of goods and services by households or government. Investment expenditures refer to spending on physical capital, such as infrastructure or equipment.

Government Payments to Households for Which No Good or Service