For the purposes of calculating GDP using the expenditure approach, which of the following payments is not included in the government expenditures component?
A) Social Security payments
B) The wages paid by a local government to its road crew
C) The wages paid by a state government to the workers in its welfare department
D) The federal government's purchase of a submarine from a shipbuilder
Correct Answer:
Verified
Q62: Depreciation:
A)estimates the decrease in value of capital
Q63: Net domestic product equals:
A)consumption + investment +
Q64: GDP is $7 trillion. If consumption is
Q65: Refer to the table shown.
Q66: Which of the following is not a
Q68: If gross investment is $2,593 billion and
Q69: Which of the following is not included
Q70: Refer to the table below. What
Q71: Net foreign factor income is the:
A)income earned
Q72: GNP is the:
A)aggregate output of the citizens
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