Income Transfers are payments to individuals for which no current goods or services are exchanged (e.g., Social Security, welfare, unemployment benefits). Program Recipient Group Number of Recipients Value of Transfers Social Security Retired and disabled workers 70 million $ 1,156 billion Medicare Individuals over age 65 61 million $ 820 billion Medicaid Medically needy individuals 77 million $ 650 billion Unemployment compensation Unemployed workers 18 million $ 150 billion Food stamps Low-income households 43 million $ 105 billion Earned Income Tax Credit Low-wage workers 25 million $ 62 billion Temporary Aid to Needy Families Low-income families 3 million $ 30 billion Calculate the average benefit a recipient of Medicaid receives. Instructions: Round your response to the nearest dollar