Which of the following is included in the government expenditure component of the expenditure approach to GDP?

Question

Quizplus · Accepted Answer

State government expenditure on local schools is included in the government expenditure component of GDP as it represents government spending on goods and services. Transfer payments, changes in inventories, and taxes do not directly reflect spending on goods and services and are therefore not included in this component.

Which of the Following Is Included in the Government Expenditure