Government expenditures are expenditures for goods and services by state and local governments and the federal government, and include all of the following items EXCEPT:

Question

Quizplus · Accepted Answer

Welfare payments are considered transfer payments rather than expenditures for goods or services. Transfer payments involve the redistribution of income in the economy and do not directly pay for goods or services like the other options listed.

Government Expenditures Are Expenditures for Goods and Services by State