Asked by
Clara Perez
on Oct 13, 2024
Verified
For purposes of calculating GDP using the expenditure approach,which of the following is NOT included in the government expenditures account?
A) The government's purchase of pencils
B) The payroll of the federal government
C) The welfare payments made to the poor
D) The government's purchase of a computer
E) None of the choices are correct
Government Expenditures
The spending by the government sector on goods and services, including public services and public investment.
Welfare Payments
Financial assistance provided by the government to individuals or families in need, aimed at ensuring a minimum level of well-being and social support.
- Acquire knowledge on the elements considered and disregarded in the computation of Gross Domestic Product.
Verified Answer
VG
Learning Objectives
- Acquire knowledge on the elements considered and disregarded in the computation of Gross Domestic Product.