Examlex
Which of the following statements is correct?
Full Employment
An economic condition where every available workforce is employed in the most effective way achievable.
Government Purchases
Expenditures made by the government sector on final goods and services in a given time period, influencing the overall economy.
Transfer Payments
Payments made by the government to individuals without any expectation of a good or service in return, such as welfare or social security.
Net Taxes
Taxes paid by individuals or businesses after subtracting transfers and government subsidies.
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