Government Purchases Are Defined As

question 91

Multiple Choice

Government purchases are defined as:

• A) the sum of purchases of goods and services from firms by government agencies and the total value of output produced by government agencies.
• B) the sum of purchases of goods and services from firms by the government and the value of transfer payments made to government to its citizens.
• C) the sum of purchase of final goods and service from firms by government agencies and the payment of interests on loans undertaken by the government.
• D) the purchase of final goods and service from firms by government agencies excluding the value of output produced by government agencies.

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Definitions:

Driving Test

An examination that assesses a person's ability to operate and maneuver a vehicle safely and according to the laws of the road.

Probability

The measure of the likelihood that an event will occur; expressed as a number between 0 and 1.

Random

Lacking any definite plan or order or purpose; governed by or depending on chance.

Male and Female

Categories that describe an individual’s sex, based on biological differences, within a binary framework.