Question: What is a transfer payment? Question 1 options: The payment made to convert one currency into another. The transmission of money from one country to

What is a transfer payment?
Question 1 options:
The payment made to convert one currency into another.
The transmission of money from one country to another.
The transfer of taxes from the private sector to the government.
A one-way transaction in which payment is made but no good or service flows back in return.
Question 2(0.5 points)
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Under which circumstance will the level of national income expand?
Question 2 options:
If injections increase.
If savings expand.
If government spending is reduced.
If taxes increase.
None of these.

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