Which of the following statements is TRUE?

A) Government spending as a percent of total national income has continuously decreased since the 1950s.
B) Transfer payments are money payments made by the government for which no goods or services are currently received.
C) Education is the largest category of federal government expenditures.
D) Transfers in kind include Welfare, Social Security, and unemployment insurance benefits.


Answer: B

Economics

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Answer the following statement true (T) or false (F)

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