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Author Question: What are transfer payments? What will be an ideal response?[br][br][b][color=#165FFA]Question ... (Read 41 times)

danielfitts88

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on: Jun 29, 2018
What are transfer payments?
 
  What will be an ideal response?

Question 2

Define economic income. Give at least three examples.
 
  What will be an ideal response?


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Alyson.hiatt@yahoo.com

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Transfer payments are payments by the government to people who do not supply goods or services in exchange.

Answer to Question 2

The amount of money a household can spend during a given period without increasing or decreasing its net assets. Wages, salaries, dividends, interest income, transfer payments, rents, and so on are sources of economic income.


danielfitts88

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

emsimon14

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Reply 3 on: Yesterday
Excellent

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