Government Purchases

Government purchases

A) are the sum of purchases of goods and services from firms by government agencies and the total value of output produced by government agencies.
B) are the sum of purchases of goods and services from firms by government and the value of transfer payments made to government to its citizens.
C) are 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) refer to the purchase of final goods and service from firms by government agencies and do not include the value of output produced by government agencies.