When Computing GDP from the Expenditure Side,which of the Following

question 34

Multiple Choice

When computing GDP from the expenditure side,which of the following items is excluded from the government component (G_a) ?

• A)employment-insurance benefits
• B)salaries to Canadian Forces officers
• C)costs of Parliamentary Committees
• D)rental of office space by the government
• E)operating costs of the Canadian Coast Guard

---

Definitions:

Implied Authority

The power assumed to be held by an agent as it is necessary to carry out his or her express authority.

Apparent Authority

The perception created by the actions of a principal, leading third parties to believe that an agent has authority to act on behalf of the principal.

Warranties

Legally binding guarantees provided by a seller to a buyer, assuring that a product or service meets certain quality and performance standards.

Limitation

A legal restriction or time frame within which certain actions must be taken, such as filing lawsuits or making claims, to remain valid or enforceable.