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Ariel Yisrael
on Nov 26, 2024

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Transfer payments are "exhaustive" in that they directly absorb resources, whereas government purchases are "nonexhaustive."

Transfer Payments

Transfer payments are financial distributions that do not directly correspond to the receipt of goods or services, such as welfare benefits or government subsidies.

Exhaustive

Involving an extensive and thorough examination or analysis of a subject or thing, leaving no part overlooked.

  • Determine the key roles of government in overseeing tax revenues and expenditures.
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Lizzy UrquhartNov 28, 2024
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