Government expenditures include _____ and _____ but NOT _____.
A) wages and salaries; transfers; the purchase of products and services
B) transfers; the purchase of products and services; wages and salaries
C) wages and salaries; the purchase of products and services; transfers
D) government expenditures include wages and salaries, transfers, and the purchase of products and services

Question

Quizplus · Accepted Answer

Government expenditures include the purchase of products and services (such as supplies, equipment, and contracts with private sector firms), wages and salaries (for government employees), and transfers (such as social security payments, grant programs, and subsidies). Therefore, choice C is the correct answer as it includes the first two categories but leaves out transfers.

Government Expenditures Include _____ and _____ but NOT _____

Government Expenditures Include ___ and _ but NOT ___