Select all that apply Which of these are components of government purchases in GDP? Expenditures and government receipts that consist of transfer payments to households Expenditures for goods and services that the government consumes in providing public services Expenditures for intermediate goods Expenditures for publicly owned capital
Added by Jennifer M.
Close
Step 1
Government purchases are a component of GDP, representing government spending on goods and services. Show more…
Show all steps
Your feedback will help us improve your experience
Narayan Hari and 55 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
1. Which of the following is included in GDP? a. government purchases of labor, goods, and services. b. savings. c. government transfer payments.
Narayan H.
Use the following table to indicate which of the categories are counted in government expenditures and which are counted in government purchases. Check all that apply. Federal Government Purchases State Government Purchases Local Government Purchases Government Transfer Payments Government purchases Government expenditures
Jerelyn N.
Please help.
Mauya M.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
Watch the video solution with this free unlock.
EMAIL
PASSWORD