All the following statements about Canada's federal government outlays are correct except which one?

Question

All the following statements about Canada's federal government outlays are correct  except  which one?

Answer

Debt interest is paid by the federal government to provincial governments.

Answer

The largest outlay of Canada's federal government is transfer payments.

Answer

Canada's federal government outlay on goods and services is the government expenditure on goods and services used in the circular flow of expenditure and income.

Answer

Canada's federal government outlays are categorized as transfer payments, expenditure on goods and services, and debt interest.

Answer

Transfer payments are payments to individuals, business, other levels of government, and the rest of the world.

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All the following statements about Canada's federal government outlays are corre...

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