Government Purchases That Are Counted as Part of GDP Can

question 11

Multiple Choice

Government purchases that are counted as part of GDP can be less than the government's total budget because:

• A)government purchases are not counted as part of GDP.
• B)taxes are not counted as part of GDP.
• C)transfer payments are not counted as part of GDP.
• D)only the budget surplus or deficit is counted as part of GDP.

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