Government purchases, under the expenditure approach to GDP accounting, includes all of the following except:
A) welfare payments.
B) salaries of senators.
C) fighter jets purchased by the government.
D) the military payroll.
Correct Answer:
Verified
Q40: Net exports are defined as:
A)exports plus imports.
B)exports
Q41: Transfer payments are included in which category
Q42: Using the expenditure approach to GDP accounting,
Q43: Exhibit 11-1 Q44: The largest component of consumption expenditures is: Q46: Changes in inventories are included in which Q47: The investment component of GDP includes: Q48: Declines in business inventories enter national income Q49: Exhibit 11-1 Q50: The most volatile GDP category under the
A)durables.
B)nondurables.
C)services.
D)residential
A)funds in
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