Which of the following is NOT a transfer payment?
A) Medicare
B) Social Security retirement payments
C) Social Security disability payments
D) spending on national defense

Question

Quizplus · Accepted Answer

Transfer payments are payments made by the government to individuals or other levels of government without any goods or services being received in return. Medicare, Social Security retirement payments, and Social Security disability payments are all examples of transfer payments. Spending on national defense, however, involves the purchase of goods and services (such as military equipment and personnel) by the government, and therefore is not a transfer payment.

Which of the Following Is NOT a Transfer Payment