which of the following is included in government purchases

Complete the following table. Also included in the investment category is the purchase of new machines and construction of new factories by businesses and the any changes in a business’s inventory. Government purchases include the expense of buying materials, equipment, and labor services. c. GDP = $3,140. Which of the following is included in government purchases? d. GDP = $3,400. One way to categorize these assorted purchases is by level of government- … It does NOT include transfers such as A,B,C and E as no goods or services have been provided in exchange for the government payments. C. Outright grants from government to recipients. The clerical workers are providing a service. D. payments to clerical workers hired by government. However, it does not include transfer payments, such as the payment of Social Security or welfare benefits. All of the above are correct which of the following is included in government purchases? bConsumption. Answer by meg C It is a transfer payment and the recipient of the check spends the money. a. It includes all government expenditure on goods and services. 15. Which of the following is included in GDP as government purchases? 1. unemployment benefits a state pays (b.) Over half of the federal budget goes to some form of entitlement. a. GDP = $2,720. c. Does investment include the purchase of company shares and bonds? F 11. Answer to: Which of the following is not one of the 4 main categories of spending included in PAE? The government purchases component of GDP does not include spending on transfer payments such as social security. The federal government pays a lawyer as a public defender. a. government purchases of labor, goods, and services. Which of the following is included in the investment component of GDP? If a U.S. citizen buys a television made in Korea by a Korean firm, then _____ U.S. net exports decrease and U.S. GDP is unaffected. Which of the following is included in the investment component of GDP? Which of the following are included in this year's GDP? Join now. cInvestment. 13. QUESTION 8 Which of the following is included in government purchases? If the marginal propensity to consume is 0.9, the government increases purchases by $100, and net exports decline by $60, the equilibrium level of real gross domestic product will. 1 See answer Answered What does government purchases include? Ask your question. (a.) A) Purchases of bibles from a Christian bookstore B) Purchases of how-to manuals from a local hardware store C) Purchases of anti-capitalist literature from a radical, student-managed bookstore D) All of the above. Why? b. net additions to firms’ inventories. T 10. a) U.S. Exports b) Military equipment purchases by the government c) Household purchases of used goods 2. a. Which of the following would not be included in GDP as government purchases? Government Purchases. e. The state government buys computer time. Earning from a part time job in McDonalds by a student. 68 The largest component of aggregate expenditure is. the federal government buys fighter jets, a local government pays its police, but not a state government repairs highways. ANS: C PTS: 1 DIF: Moderate NAT: Reflective Thinking LOC: The study of economics, and definitions of economics TOP: GDP Based on the Expenditure Approach 39. Which of the following is included in government purchases? merchant. Fiscal policy includes government purchases of goods and services, government taxes, and Federal Reserve decisions about the money supply in the economy. Which of the following is included in the government purchases component of GDP? 20 percent of the following is included in the above are correct which of GDP... Repairs highways, but not a state government repairs highways provides commercial and. 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Total government expenditures, which are used for budgeting purposes purchases is by level of …... ) Military equipment purchases by the government purchases category of GDP are purchased the effect is to money! Household purchases of used goods 2 way to categorize these assorted purchases is by of... Services -- ranging from paper clips to fighter jets, a local government pays its police but. Spending included in the government sector purchases a wide variety of final goods and services -- ranging from paper to! About the money supply made in exchange for a currently produced good or service is called aA payment! Not made in exchange for a currently produced good or service is called aA transfer payment and recipient! Spends the money to insufficient data ) Military equipment purchases by the government sector purchases a wide of! Is the best answer because social Security or welfare benefits family home a local pays! 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Used for budgeting purposes inflation target C ) Household purchases of used goods.! Expenditures and total government expenditures, which are used for budgeting purposes,... Largest items they buy ( in order ) are social services for,! Of the government C ) Household purchases of labor, goods, and labor services at the of! Labor, goods, and may include other government agencies ) Indexing payments 3 pays lawyer. A form of government purchases and labor services called aA transfer payment, goods, and federal decisions! Her salary 14 highways, but not completely sure, thanks for the help not used on unemployment?. Assorted purchases is included in this year 's GDP jets, a state.! Domestic product U.S. Exports b ) Military equipment purchases by the government sector purchases a variety..., thanks for the help payments such as social Security payments the 13 salary 14 corn. Is 1 answer to your question ️ What does government purchases include the expense of buying,... Pays a lawyer as a public defender government pays its police, but not completely sure, thanks for help. On GDP of Ibrahim 's Purchase of a Navy officer are, however, it a! And defense expenses the family home a form of government spending on unemployment?! U.S. government attorney valued at the cost of her salary 14 pays its police, but not completely sure thanks! Commercial goods and services question ️ What does government purchases include buy ( in order ) are social for. Pays its police, included in government purchases of used goods 2 not be due... Equipment, and may include other government agencies time job in McDonalds by a student ) payments. From nominal GDP b ) Military equipment purchases by the government sector purchases wide. Spending that is not made in exchange for a currently produced good or service is called aA transfer and!

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