Which of the Following Would Be Included in the Government

question 4

Multiple Choice

Which of the following would be included in the government expenditures component of GDP?

• A) The export of 100 fighter jets to Japan
• B) Construction costs of a new public school building
• C) Food stamps used by the Smith family
• D) A $1,000 check issued by the federal government as part of the Pell Grant program to help college students pay for school

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Definitions:

Uniform Commercial Code

The Uniform Commercial Code (UCC) is a comprehensive set of laws that governs all commercial transactions in the United States, intended to standardize and simplify interactions across state lines.

Sale of Services

A sale of services occurs when a transaction is made in which the seller provides a service, such as consultation or maintenance, to the buyer in exchange for payment.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law among the states.

Copyright

A legal right granted to the creator of an original work, including the right to copy, distribute, and adapt the work.