1. Option (3)
In kind transfers can be described as non monetary benefits or to thitems provided to the poor.
They are called non monetary items as they do not include cash or any related monetary transfers to the poor.
Instead they are transfered in the form of some goods and services.
In-kind transfers a. are cash payments given to the poor from the government. c. are non-monetary...
Question 4 (1 point) Why do welfare recipients prefer cash payments to in-kind transfers? a) Because they don't understand the value of in-kind transfers. Ob) Because they are greedy. O c) Because in most cases, cash provides a higher level of satisfaction to the recipient d) All of the above
estion 10 Government-to-government unilateral transfers are recorded in the current account of the balance of payments of a nation. True False uestion 8 Income earned from foreign investments is recorded in the official settlement account of the balance of payments of a nation. True False uestion 7 The Official Settlement account of a balance of payment includes which of the following transactions? a. Exports of goods and services b. Foreign investment flows c. Income derived from foreign investments d. All...
27. If the U.S. government takes the value of in-kind transfers into consideration, the U.S. poverty rate decreases. True False 29. The balance of payments is the domestic price of a foreign currency. True False 30. The inequality trap has a negative impact on human capital development. True False 31. According to Rostow's stages of economic development, poor nations must increase their farm productivity so that some workers can leave farming and move into other industries. True False 32. The...
9. Transfer payments are: A. spending that transfers resources from the government to individuals. B. payments that individuals make to the government. C. when individuals transfer stock ownership in lieu of payment with cash or other liquid assets. D. when individuals transfer cash for payments of a good or service. 10. U.S. exports are: A. U.S. goods sold to foreigners. B. Foreign goods bought by Americans. C. U.S. goods sold to Americans. D. Foreign and U.S. goods sold to foreigners,...
QUESTION 18 The inflation tax a transfers wealth from the government to households. b. is a tax on everyone who holds money. c. is the increase in real income taxes due to lack of indexation in income tax rules. d. All of the above are correct.
Account Change in Inventories Private Consumption Spending Interest Payments made by private firms Government Subsidies Net Private Investment (excludes depreciation) 45 Government Purchases of Goods Depreciation Wages & Salaries (pre-tax) Government Purchases of Services Government Transfer Payments Imports Exports Sales Tax Divedend Payments & Retained Earnings ValuePart of 2000 365 30 200 つつ 1100 90 400 400 500 95 900 (a) Calculate the value of GDP using the expenditure approach (b) Calculate the value of GDP using the income approach....
1. The level of income below which the federal government classifies a family as poor is called the: A. relative measure of poverty. B. poverty threshold. C. absolute measure of poverty. D. median income threshold. 2. What is the United States government's formal definition of the poverty line? A. It is the annual income level below which a household is exempt from taxes. B. It is a level of annual income equal to total income in society divided by the...
Your government desires that the poor in your economy eat more French Vanilla Ice Cream (a healthy protein supplement). So it taxes the rich and gives the tax revenues as a $20.00 per-month subsidy to each poor person with which she/he MUST spend on this ice cram flavor. (a)With the price of "all other goods (AOG)" at $1.00 per unit and the price of French Vanilla Ice Cream at $1.00 for dollar each carton, show how a typical poor person with an income...
25. Farm program benefits tend to become capitalized into: (a) perpetual payments to large producers. (b) the bank accounts of farmers. (c) taxpayer costs. (d) the value of inputs that are the most inelastic in supply. (e) government budget deficits. 26. The Agricultural Risk Coverage Program (ARC) program is all of the following EXCEPT: (a) A farm revenue stabilization program. (b) Revenue payments to producers based on yields and price levels. (c) A counter-cyclical payment program. (d) A farm program...
What is the primary reason for a firm’s accounting income differing from its cash flows? a. The presence of cash items in the statement of financial position. b. The presence of cash items in the statement of comprehensive income. c. The presence of non-cash items in the statement of financial position. d. The presence of non-cash items in the statement of comprehensive income. e. The presence of non-cash items in the statement of cash flow position. d. The presence of...