In Real Terms, the Cost of Government Spending Is Measured

question 86

Multiple Choice

In real terms, the cost of government spending is measured by

• A) Combining the private sector output with the public sector output sacrificed when the government employs scarce resources.
• B) Subtracting private sector output from the public sector output sacrificed when the government employs scarce resources.
• C) Only the private sector output sacrificed when the government employs scarce resources.
• D) Only the public sector output sacrificed when the government employs scarce resources.

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Definitions:

Vessel Members

Specialized cells that form part of the xylem vessels in plants, involved in the transport of water and nutrients.

Lignin

Material that strengthens cell walls of vascular plants.

Stomata

Small openings on the surfaces of plant leaves and stems that facilitate gas exchange.

Vascular Tissue

Specialized tissue in plants that is responsible for the transport of water and nutrients throughout the plant body.