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:

Actual Price Level

The current average level of prices for goods and services in an economy, reflecting inflation or deflation.

Corrective Actions

Steps taken to fix a problem or eliminate a cause of nonconformities in processes or products.

Expected Price Level

The anticipation or forecast of future prices overall, impacting saving and spending decisions of consumers and businesses.

Actual Price Level

The general level of prices for goods and services in the economy at a specific point in time.