A Distinguishing Characteristic of Public Transfer Payments Is That

question 36

Multiple Choice

A distinguishing characteristic of public transfer payments is that:

• A)they are used to subsidize the major transportation carriers to reduce transportation costs.
• B)they are counted as part of government purchases in the calculation of the gross domestic product.
• C)there is a tax on the amount of the subsidy above a certain income level.
• D)the recipients make no contribution to current production in return for them.

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