In the national income accounts, government expenditure on goods and services exclude
A) transfer payments.
B) state and local government purchases.
C) local government purchases but include state government purchases.
D) spending on national defense.
Correct Answer:
Verified
Q108: Which of the following is included in
Q109: Transfer payments are not included in GDP
Q110: Which of the following transfer payments is
Q111: In the computation of GDP, Social Security
Q112: All of the following are included in
Q114: Which of the following items is NOT
Q115: Transfer payments
A) are included in the government
Q116: Government expenditures included in the expenditure approach
Q117: Transfer payments are not part of government
Q118: According to the BEA, in the second
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents