Question

Discuss any 5 transfer payments by the Government

Answer 1

Transfer payments are those payments when government pays for something and doesn't expect anything in return

1):-A form of transfer payments are unemployment benefits because government gives someone money for just being unable to work

2) :-Subsidies are also a type of transfer payments because government is trying to improve economy and doesn't get anything in return

3) :-Welfare check.

4) :-social security benefit payments,

5) :-military and civil service pensions

6):-unemployment insurance

7) :-welfare payments, and Medicare

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