The Three Main Categories of Government Outlays Are

question 66

Multiple Choice

The three main categories of government outlays are

• A)net interest payments, government investment, and government consumption expenditures.
• B)net government subsidies, the government deficit, and government purchases.
• C)government purchases, transfer payments, and net interest payments.
• D)government consumption expenditures, government investment, and transfer payments.

---

Definitions:

Unemployment Rate

The percentage of the labor community that is jobless and in active pursuit of employment.

Cyclical Unemployment

Joblessness attributable to fluctuations in the economic cycle, such as recessions, leading to reduced demand for goods and services.

Unemployment Rate

The proportion of the employable population that is not working but actively looking for work.

Recovery Phase

A stage of the economic cycle where activity starts increasing again after a downturn, leading to higher employment and output levels.