Government purchases in national income accounts would include payments for:

Question

Quizplus · Accepted Answer

Government purchases in national income accounts refer to the goods and services purchased by the government to carry out its functions. Salaries for current U.S. military officers would be considered a government purchase as they are paid for the services provided by the military in defense of the nation. Social Security checks, public assistance, and unemployment benefits would not be considered government purchases as they are transfer payments and involve the government providing money to individuals rather than purchasing goods or services.

Government Purchases in National Income Accounts Would Include Payments For