Explore BrainMass
Share

Explore BrainMass

    Exhaustive and non-exhaustive expenditures

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Explain what economists mean when they say government purchases are "exhaustive" expenditures whereas government transfer payments are "non-exhaustive" expenditures. Give an example of a government purchase and a government transfer payment with explanations.

    © BrainMass Inc. brainmass.com October 10, 2019, 4:05 am ad1c9bdddf
    https://brainmass.com/economics/unemployment/exhaustive-non-exhaustive-expenditures-448813

    Solution Preview

    The size of the role of the government in the economy is examined by determining government purchases of goods and services and the governments transfer payments (McConnell & Brue, 2008, p. 75). Government purchases are said to be exhaustive while government transfer payments are said to be non-exhaustive. These two outlays are ...

    Solution Summary

    This solution explains exhaustive and non-exhaustive expenditures.

    $2.19