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Author Question: What are transfer payments? What will be an ideal response?[br][br][b][color=#165FFA]Question ... (Read 92 times)

danielfitts88

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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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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
Excellent


carojassy25

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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