Asked by
Dennis Adzabe
on Dec 11, 2024Verified
In 2015, government income transfers redistributed what percentage of national income?
A) 1.1 percent
B) 7.7 percent
C) 17.3 percent
D) 25.5 percent
Government Income Transfers
Government income transfers are payments made by the government to individuals without any goods or services being returned in exchange, aimed at redistributing wealth and supporting those in need.
National Income
The total value of all goods and services produced by a country's economy over a specific period, accounting for income from foreign sources.
- Detail the specifics and implications of transfer payments in state financial planning.
Verified Answer
KL
Learning Objectives
- Detail the specifics and implications of transfer payments in state financial planning.