A Government Transfer Payment to a Person Is

question 75

Multiple Choice

A government transfer payment to a person is

• A)considered a consumption expenditure.
• B)evidence that government expenditures are too high.
• C)included in disposable income measures but not national income.
• D)an important component of national income.
• E)considered a component of G in the calculation of GDP.

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Definitions:

Still Working

Engaged in performing tasks or duties, typically in a professional context, without having ceased or completed the activity.

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The calculation of how probable it is for an event to happen.

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Fair Die

A die that is perfectly balanced, ensuring that each of its faces has an equal chance of landing upward when rolled.