A Form of Government Spending That Is Not Made in Exchange

question 72

Multiple Choice

A form of government spending that is not made in exchange for a currently produced good or service is called

• A)a transfer payment.
• B)consumption.
• C)investment.
• D)None of the above is correct.

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Definitions:

EIN

Employer Identification Number, a unique nine-digit number assigned by the IRS to businesses for the purposes of identification and tax reporting.

IRS

The Internal Revenue Service, a U.S. government agency responsible for tax collection and enforcement of tax laws.

Tax Returns

Official documents submitted to tax authorities declaring income, expenses, and pertinent information to calculate tax liability.

International Trade Union Confederation

An international organization aimed at promoting the interests of workers globally through international cooperation and advocacy.