Which of the following is not a government transfer program?
a. unemployment compensation
b. Social Security
c. food stamps
d. Medicare
e. movement of soldiers to a different military base
E
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The opening of a new American-owned factory in Algeria would tend to increase Algeria's GDP more than it increases Algeria's GNP because
a. some of the income from the factory accrues to people who do not live in Algeria. b. gross domestic product is income earned within a country by both residents and nonresidents, whereas gross national product is the income earned by residents of a country while producing both at home and abroad. c. all of the income from the factory is included in Algeria's GDP. d. All of the above are correct.
Suppose that an economy's labor productivity and total worker-hours each grew by 3 percent between year 1 and year 2. We could conclude that this economy's:
A. real GDP remained constant. B. capital stock increased by 3 percent. C. production possibilities curve shifted inward. D. production possibilities curve shifted outward.