Transfer payments A)are payments that flow from government to households. B)are not made in exchange for currently produced goods or services.

Transfer payments A)are payments that flow from government to households. B)are not made in exchange for currently produced goods or services. C)alter household income, but they do not reflect the economy’s production. D)All of the above are correct.

Question:Transfer paymentsA) Are payments that flow from government to householdsB) Are not made in exchange for currently produced goods or services.C) Alter household income, but they do not…