Solved

Government Purchases Are Defined As

Question 38

Multiple Choice

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents