The G and T Components in the National-Income Accounts Measure

question 62

Multiple Choice

The G and T components in the national-income accounts measure purchases and net taxes collected by

• A)all levels of government.
• B)only provincial governments and the federal government.
• C)only the federal government.
• D)only provincial governments.
• E)only local governments.

---

Definitions:

Managers

Individuals responsible for directing and overseeing the operations and activities of a company or organization, making strategic decisions to ensure goals are met.

Marginal Benefit

The increased pleasure or usefulness obtained from the consumption of one more unit of a good or service.

Marginal Benefit

Enhanced satisfaction or usefulness gained upon consuming an additional unit of a good or service.