A Government Purchases That Are Counted as Part of GDP

question 122

Multiple Choice

A 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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Definitions:

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A person's way of thinking and their opinions, which can affect their behavior and perspective on life.

Intrinsic Motivation

The drive to engage in an activity for its own sake, deriving pleasure and satisfaction from the activity itself rather than for some external reward.

Extrinsic Motivation

Motivation driven by external rewards such as money, fame, grades, or praise, as opposed to inherent satisfaction.

Fixed

In a context, it refers to something that is securely attached or set in position without any movement; unchangeable.