6. It is a redistribution of income and wealth through government making a payment,without goods or services being received in return a. Capital expenditure b. Consumption c. Utilization d. Transfer payments
6. It is a redistribution of income and wealth through government making a payment,without goods or services being received in return
a. Capital expenditure b. Consumption c. Utilization d. Transfer payments
7. The funds allocated to products and services used to satisfy citizens' needs are classified as ___________________ expenditures.
a. Capital expenditure b. Consumption c. Utilization
d. Transfer payments
8. Retirement programs,
a. Capital expenditure b. Consumption c. Utilization
d. Transfer payments
9. Transfer payments are included in the
a. True b. False c. Maybe
10.Which statement is NOT true?
a. Government expenditure has direct control of a country's
b. investments in education and infrastructure are not likely to boost
c. Government spending also helps lower-income inequality among individuals.
d. A high gross domestic product (GDP) doesn't necessarily translate into wellbeing or higher living standards for citizens.
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