The construction of a new state highway would be included in the
A) personal consumption category of GDP.
B) government purchases category of GDP.
C) government output category of GDP.
D) government investment category of GDP.
Correct Answer:
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Q21: Government purchases include
I.purchases by the federal government.
II.purchases
Q22: Transfer payments are
A)payments to people for their
Q23: Which of the following is included in
Q24: Which of the following is an example
Q25: Goods that are produced in a particular
Q27: Refer to Figure 6-1.Suppose you have been
Q28: Payments made by the government to individuals
Q30: In the circular flow model for an
Q31: The official measure of private investment in
Q32: In the circular flow model for an
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