In the national spending approach, government purchases include:
A) spending by the federal government only, including transfer payments.
B) spending by the federal government only, not including transfer payments.
C) spending by all levels of government, including transfer payments.
D) spending by all levels of government, not including transfer payments.

Question

Quizplus · Accepted Answer

Government purchases in the national spending approach include spending by all levels of government (federal, state, and local) but do not include transfer payments, as these are not payments for goods or services.

In the National Spending Approach, Government Purchases Include