Consider the graph shown, which depicts transfer payments from the federal government to individuals. (a) How many types of payments are tracked?

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Consider the graph shown, which depicts transfer payments from the federal government to individuals. (a) How many types of payments are tracked?

(Change from year ago, billions of dollars)
Government social benefits to persons - Medicaid (W729RC1)
Government social benefits to persons - Medicare (W824RC1)
Government social benefits to persons - Social Security (W823RC1)
Government social benefits to persons - Unemployment insurance (W825RC1)
100
90
80
70
60
50
40
30
20
10
0
W729RC1
W824RC1
W823RC1
W825RC1
-10
-20
-30
-40
-50
-60
2009-01 2009-07 2010-01 2010-07 2011-01 2011-07 2012-01
Shaded areas indicate U.S. recessions.
2012 research.stlouisfed.org
Federal Reserve Economic Data; modelbehavior.com/2021/03/26/inadvertent-austerity/
Transcribed Image Text:(Change from year ago, billions of dollars) Government social benefits to persons - Medicaid (W729RC1) Government social benefits to persons - Medicare (W824RC1) Government social benefits to persons - Social Security (W823RC1) Government social benefits to persons - Unemployment insurance (W825RC1) 100 90 80 70 60 50 40 30 20 10 0 W729RC1 W824RC1 W823RC1 W825RC1 -10 -20 -30 -40 -50 -60 2009-01 2009-07 2010-01 2010-07 2011-01 2011-07 2012-01 Shaded areas indicate U.S. recessions. 2012 research.stlouisfed.org Federal Reserve Economic Data; modelbehavior.com/2021/03/26/inadvertent-austerity/
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