Government outlays equal:
A)the difference between government expenditures and government revenues.
B)the sum of government expenditures and government revenues.
C)the sum of government purchases and transfer payments.
D)the difference between government purchases and transfer payments.
E)the ratio of government purchases to transfer payments.

Question

Quizplus · Accepted Answer

Government outlays consist of the total amount spent by the government, which includes both government purchases of goods and services and transfer payments (such as social security and unemployment benefits).

Government Outlays Equal