Multiple Choice
A distinguishing characteristic of public transfer payments is that:
A) they are used to subsidize the major transportation carriers to reduce transportation costs.
B) they are counted as part of government purchases in the calculation of the gross domestic product.
C) there is a tax on the amount of the subsidy above a certain income level.
D) the recipients make no contribution to current production in return for them.
Correct Answer:

Verified
Correct Answer:
Verified
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