Which of the following is true about government services as a component of GDP?
A) It includes welfare benefits.
B) It includes spending on national defense.
C) It includes Social Security benefits.
D) It includes federal government spending but not state and local spending.
Correct Answer:
Verified
Q45: As a portion of GDP,government purchases include:
A)
Q46: Government services:
A) Is larger than consumption in
Q47: The decline in employment in the farm
Q48: Over the last century in the United
Q49: U.S.net exports are:
A) Equal to the value
Q51: The goods and services purchased from foreign
Q52: Government income transfers are NOT included in
Q53: The goods and services sold to foreign
Q54: Over the last century in the United
Q55: Exports represent:
A) Goods and services sold to
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