Posted by l on .
which of the following are government purchases of goods and services and which are government transfer payments?a.the apollo,b.subsidy to agriculture and industry,c.social security,d.salary received by federal employee,e.unemployment benefits paid to a laid-off worker
Multiple Post. Please refer to your later post, which I saw first.
a. The apollo:
It's government purchase.
b. Subsidy to agriculture and industry:
It's transfer payments because it didn't produce things. Literally, it's kind of wealth distribution.
c. Social security:
It's also transfer payments. The reason is the same as previous question.
d. Salary received by federal employee:
It's government purchase, because the government pay money for federal employee's services.
e. Unemployment benefits paid to a laid-off worker:
It's transfer payment, because it's just a kind of money distribution.