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What is the difference between federal purchases and federal​ expenditures?
a. federal purchases and federal expenditures both require that the government receives a good or service in return.
b. federal purchases require that the government receives a good or service in​ return, whereas federal expenditures exclude transfer payments.
c. federal purchases require that the government receives a good or service in​ return, whereas federal expenditures include transfer payments.
d. the difference between federal purchases and federal expenditures is so small that it is generally ignored?

Respuesta :

What is the difference between federal purchases and federal​ expenditures? Federal purchases require that the government receives a good or service in​ return, whereas federal expenditures exclude transfer payments. In this case, another way to remember the two are that federal purchase requires a purchase to be made for a good or service. A federal expenditure requires no purchase to be made but a transfer of payments to happen. 

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