Log in
Economics
1
answer
0
watching
379
views

Government payments to households for which no good or service is provided in return are called:

A. transfer payments.

B. government purchases.

C. consumption expenditures.

D. investment expenditures.

Watch
1
answer
0
watching
379
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Reid Wolff
Reid WolffLv2
28 Mar 2020

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

Which of the following equals the amount of public saving?

A. The sum of government tax revenue, government purchases, and government transfer payments to households.

B. Government transfer payments to households minus the sum of government tax revenue and government purchases.

C. Government tax revenue minus the sum of government purchases and transfer payments to households.

D. The sum of government purchases and government tax revenue, minus transfer payments to households.

Which one of the following are the components of aggregate expenditures?

a.) Household consumption, business investment, government spending for goods and services, and net exports

a.) Household consumption, business investment, government transfer payments, and net exports

a.) Household consumption, business investment, government spending for goods and services and exports

a.) Household consumption, business investment, government spending for goods and services and savings

Ā 

a) What is the distinction between Nominal GDP and Real GDP? Which is more important in terms of satisfying human wants? Why?

b) Use what you need from the list below to compute GDP from the Expenditures approach.

Personal Consumption expenditures.............$475

Transfer payments.........................................$15

Consumption of fixed capital...........................$29

Interest............................................................$11

Exports............................................................$13

Government purchases...................................$80

Compensation of employees...........................$225

Imports............................................................$15

Net private domestic investment......................$42

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in