When Measuring GDP

question 22

Multiple Choice

When measuring GDP,

• A) only the federal government's expenditure on goods and services is included.
• B) the government sector is counted, and the value of the government sector in GDP is equal to its tax revenue.
• C) the expenditure on goods and services by all levels of government are included.
• D) the government sector is not included because it is the public sector not the private sector.
• E) the government sector is not counted because it does not produce goods and services.