Which of the Following Is Not Considered Part of Government

question 55

Multiple Choice

Which of the following is not considered part of government purchases?

• A)transfer payments paid by the government
• B)teacher salaries paid by the government
• C)military equipment purchased by the government
• D)a bridge purchased by the government

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Definitions:

Wage Rate

The standard amount of pay given for work performed, typically expressed as an hourly, daily, or piecework rate.

Aggregate Supply Curve

A graphical representation that shows the relationship between the overall price level in an economy and the total output of goods and services produced by that economy, assuming constants elsewhere.

Downward Shift

In economics, refers to a decline in the position of a demand or supply curve on a graph, indicating a decrease in quantity demanded or supplied at any given price.

Keynes

An economist who advocated for government intervention in markets to mitigate the adverse effects of economic recessions and depressions through fiscal and monetary policies.