Government Consumption Expenditure Includes the Following, EXCEPT Government Spending On

question 73

Multiple Choice

Government consumption expenditure includes the following, EXCEPT government spending on:

• A) national defense.
• B) public works.
• C) Social Security.
• D) civil services.

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Definitions:

Accounts Receivable Turnover

A financial ratio indicating how many times a company collects its average accounts receivable during a period.

Accounts Receivable

Debt that customers hold towards a business for received goods or services which remain unpaid.

Cash Sales

Transactions in which the buyer pays the seller immediately with cash or other forms of immediate payment.

Average Collection Period

The average number of days it takes for a company to receive payments owed by its customers.