Using the expenditure approach,government expenditures include:
A)defense and nondefense federal,state,and local government expenditures.
B)only nondefense federal government expenditures.
C)only federal government expenditures.
D)only state and local government expenditures.
E)residential investment and state and local government expenditures.

Question

Quizplus · Accepted Answer

The expenditure approach includes government expenditures on both defense and nondefense at federal, state, and local levels. Residential investment is not considered a government expenditure.

Using the Expenditure Approach,government Expenditures Include