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

Question

Quizplus · Accepted Answer

The expenditure approach includes all government expenditures, including defense and nondefense federal, state, and local government expenditures.

Using the Expenditure Approach, Government Expenditures Include