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:

Social Activities

Actions or engagements involving interaction with other people, typically for leisure, networking, or communal purposes.

Vulnerability

The state of being exposed to the possibility of being attacked or harmed, either physically or emotionally.

Anxiety

A feeling of worry, nervousness, or unease typically about an imminent event or something with an uncertain outcome.

Living Arrangement

pertains to the configuration of individuals' living situations, including who they live with and the nature of their household.