Which of the Following Is Included in the Government Purchases

question 77

Multiple Choice

Which of the following is included in the government purchases category of gross domestic product (GDP) ?

• A) Social Security payments
• B) welfare payments
• C) payments to people in the military
• D) interest on the national debt
• E) payments to unemployed workers

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Definitions:

Holder in Due Course

A legal term referring to a person who has acquired a negotiable instrument in good faith and for value, and thus has certain rights above the original parties to the instrument.

Consideration

The value promised, given, or performed that motivates parties to enter into a contract, being essential for its validity.

Indorser

A person who endorses a negotiable instrument.

Rights

Entitlements or permissions, either granted by law or moral principles, allowing individuals to perform certain actions or to be treated in specific ways.