The real cost of government goods and services is:

Question

Quizplus · Accepted Answer

The real cost of government goods and services is not just the money spent on them but also the private goods and services that could have been produced if the resources used in producing government goods and services were instead used in producing private goods and services. This is known as the opportunity cost and is the true cost of government goods and services. Taxes and inflation may be a consequence of government spending, but they are not the real cost.

The Real Cost of Government Goods and Services Is