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What do economists mean when they say government purchases are exhaustive expenditures whereas government transfer payments are nonexhaustive expenditures Cite an example of a government purchase

What do economists mean when they say government purchases are “exhaustive” expenditures whereas government transfer payments are “nonexhaustive” expenditures? Cite an example of a government purchase and a government transfer payment.

Apr 05 2020 View more View Less

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