Government purchases are defined as:
A) the sum of purchases of goods and services from firms by government agencies and the total value of output produced by government agencies.
B) the sum of purchases of goods and services from firms by the government and the value of transfer payments made to government to its citizens.
C) the sum of purchase of final goods and service from firms by government agencies and the payment of interests on loans undertaken by the government.
D) the purchase of final goods and service from firms by government agencies excluding the value of output produced by government agencies.
Correct Answer:
Verified
Q33: Which of the following items is included
Q34: The construction of a new state highway
Q35: In the calculation of GDP, the value
Q36: Transfer payments are:
A) payments made to firms
Q37: For computing GDP, the official measure of
Q39: Government purchases include:
A) purchases made by people
Q40: Which of the following statements is true?
A)
Q41: Use the following to answer questions .
Exhibit:
Q42: Use the following to answer questions .
Exhibit:
Q43: Use the following to answer questions .
Exhibit:
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