The income transferred by the government from a citizen who is earning income to another citizen is referred to as:

a. fiscal spending.
b. transfer payment.
c. budgetary allowance.
d. taxation.
e. internal debt.

b

Economics

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A key element of the classical growth theory is that

A) low taxes promote economic growth. B) an increase in population leads to increase in labor supply and a decline in real GDP per person. C) economic growth can be sustained as long as government intervention does not occur. D) increases in technology drive economic growth. E) market forces drive economic growth.

Economics

Kurt Gerdenich receives a consumer surplus while buying eggplants at the farmer's market if

a. the value he places on the eggplants is less than their price b. he gets a higher total utility from buying eggplants than from buying any other good c. the price of eggplants is less than the price of other goods that he values the same as eggplants d. only a few eggplants are available for sale e. the value he places on eggplants is greater than their price

Economics