Government expenditures are defined as

Question

Quizplus · Accepted Answer

Government expenditures refer to the total amount of money spent by the government. This includes spending on goods and services such as infrastructure, defense, and education, as well as transfer payments such as social security and welfare. Option A refers to the budget deficit, which is the excess of expenditures over revenues. Option B refers to the budget surplus, which is the excess of revenues over expenditures. Option D is incorrect as it refers to the total debt of the government, not current expenditures.

Government Expenditures Are Defined as