Asked by
Kimberly Flores
on Dec 11, 2024Verified
Direct income transfers account for approximately what percentage of total government spending?
A) 10 percent
B) 30 percent
C) 50 percent
D) 60 percent
Direct Income Transfers
Financial payments given by the government to individuals without any requirement for goods or services in return, often aimed at reducing income inequality.
Government Spending
The total amount of public sector expenditure, including salaries of public servants, social security benefits, and investment in infrastructure.
- Clarify the concept and critical role of transfer payments in government fiscal planning.
Verified Answer
VR
Learning Objectives
- Clarify the concept and critical role of transfer payments in government fiscal planning.