3 Tutorials that teach Role of the Government/Government Spending/Transfer Payments
Take your pick:
Role of the Government/Government Spending/Transfer Payments

Role of the Government/Government Spending/Transfer Payments

Author: Colton Cranston

This lesson covers the role of the government, government spending, and transfer payments

See More
Try a College Course Free

Sophia’s self-paced online courses are a great way to save time and money as you earn credits eligible for transfer to over 2,000 colleges and universities.*

Begin Free Trial
No credit card required

28 Sophia partners guarantee credit transfer.

263 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 25 of Sophia’s online courses. More than 2,000 colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.

Terms to Know
Automatic Stabilizer

Government policies that go into effect automatically as the economy slows to counter economic slowing; the payments increase in a recession and decrease with increased employment as an economy grows and enters into the expansionary phase.

Income Redistribution

Government policy that seeks to provide economic relief to low income earners by providing welfare and other benefits (transfer payments) funded by tax revenue generated from high income earners.

Progressive Tax

Tax that increases with income; income tax is an example.

Public Good

A good that is typically provided or made available through the government; the good is characterized as being both non-rivalrous and non-exclusive.