Question
An example of government transfer is a(n)
expenditure on the construction of a new school
bequest from a deceased relative
social security payment
salary for members of the public
expenditure on the construction of a new school
bequest from a deceased relative
social security payment
salary for members of the public
Answers
GPT-4o mini
An example of government transfer is a **social security payment**.
Government transfers refer to payments made by the government to individuals without the expectation of goods or services being received in return. Social security payments are direct monetary transfers to individuals, typically intended to support the elderly, disabled, or unemployed.
Government transfers refer to payments made by the government to individuals without the expectation of goods or services being received in return. Social security payments are direct monetary transfers to individuals, typically intended to support the elderly, disabled, or unemployed.