Question

In a macroeconomic context, what are implicit liabilities? Money owed to people possessing government issued bonds. The amount of money that firms collectively owe to shareholders. Money that the government has promised to pay in the future. Payments that the Federal Government undertakes only during periods of recession.

Answer 1

Answer: Money that the government has promised to pay in the future

Explanation:

Implicit liabilities are the money that the government has promised to pay in the future. It should be noted that the implicit liabilities are not included in the debt statistics

These liabilities are a burden in the government which the citizen expects them to oblige. Examples of implicit liabilities are social security benefits, health insurance, etc.