For the purposes of GDP accounting, government purchases include
A) the purchases of new military equipment.
B) social security payments.
C) direct transfer payments by the government to other individuals.
D) welfare payments.
Correct Answer:
Verified
Q51: GDP is supposed to measure the goods
Q52: A "trade deficit" occurs when
A) we sell
Q53: Which of the following is NOT an
Q54: Which of the following should be included
Q55: Depreciation is
A) what is left over from
Q57: When considering imports and exports, economists include
Q58: The GDP equation is
A) Y = C
Q59: Exports _ GDP and imports _ GDP.
A)
Q60: Transfer payments are excluded from government purchases
Q61: Net exports are total imports minus total
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