Are Drawn by Contractors on the Govt

question 14

Multiple Choice

................... are drawn by contractors on the Govt. departments for the goods supplied to them

• A)treasury bills
• B)supply bill
• C)bill of lading
• D)documentary bill

---

Definitions:

Government Spending

Expenditures by the government sector on goods and services, including public services and government investment, but excluding transfer payments.

Price Index

A statistical measure that shows changes in the price level of a basket of goods and services over time, used to gauge inflation.

Phillips Curve

An economic theory suggesting an inverse relationship between the rate of unemployment and the rate of inflation in an economy.

Inflation

A continuous rise in the overall price level of goods and services within an economy over a period.