Which of the Following Is a Political Function of Government

question 30

Multiple Choice

Which of the following is a political function of government but is NOT a central economic function?

• A) determining who has a right to vote
• B) determining government-sponsored and government-inhibited goods
• C) providing a legal system to adjudicate property rights
• D) redistributing income from some individuals to others

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Definitions:

Gross Domestic Product (GDP)

The nation’s expenditure on all the goods and services produced in the country during the year at market prices; represented by GDP.

Economics

The social science that studies the production, distribution, and consumption of goods and services, and how individuals, businesses, and governments make choices about allocating resources.

Investment

The act of allocating resources, usually money, into assets with the expectation of generating income or profit.

Gross Domestic Product (GDP)

The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period, serving as a comprehensive measure of overall domestic production.