Under the expenditure approach to GDP accounting,which of the following is NOT included in government purchases?

Question

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Welfare payments are classified as transfer payments, which are not included in government purchases under the expenditure approach to GDP accounting. Government purchases include goods and services that are consumed by the government and are intended to provide public goods and services, such as defense equipment or salaries of civil servants.

Under the Expenditure Approach to GDP Accounting,which of the Following