In Real Terms, the Cost of Government Spending Is Measured

question 86

Multiple Choice

In real terms, the cost of government spending is measured by

• A) Combining the private sector output with the public sector output sacrificed when the government employs scarce resources.
• B) Subtracting private sector output from the public sector output sacrificed when the government employs scarce resources.
• C) Only the private sector output sacrificed when the government employs scarce resources.
• D) Only the public sector output sacrificed when the government employs scarce resources.

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