In the Equation GDP = C + I + G

question 37

Multiple Choice

In the equation GDP = C + I + G + NX, the G component refers to:

• A)federal government expenditures plus all transfer payments.
• B)the taxes and expenditure of all levels of government.
• C)federal government expenditures on transfer payments, such as pensions and unemployment benefits.
• D)the purchases of final goods and services by all levels of government, excluding transfer payments.

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Definitions:

Heritability

The proportion of observed variation in a particular trait (among individuals in a population) that can be attributed to inherited genetic factors.

Surrogacy

An alternative form of reproduction in which a woman (the surrogate) is impregnated and carries a fetus to term and agrees to turn the baby over to a woman, man, or couple who will raise it.

Genetic Relative

A family member related by blood, sharing common ancestors, and thus also sharing genes or hereditary traits.

Chimpanzee

A species of great ape native to the forests and savannahs of tropical Africa, known for its intelligence and complex social behaviors.