The Government Component (G) of Total Output Includes Goods and Services

question 201

Multiple Choice

The government component (G) of total output includes goods and services purchased by

• A)the federal government plus transfer payments.
• B)all government institutions plus transfer payments.
• C)all government institutions.
• D)all government institutions plus tax revenues.

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Definitions:

Erosion Prevention

Erosion prevention involves strategies and practices aimed at stopping soil erosion to protect land and water resources.

Oxygen Production

The process by which organisms, primarily plants and algae, produce oxygen as a byproduct of photosynthesis.

Enforceable Property Rights

The legal rights to use, control, and transfer property, and the assurance that these rights are protected and upheld by law.

Preserve Resources

The process or strategy of maintaining or saving natural resources to prevent depletion or degradation.