In the national income accounts, all of the following are classified as government purchases except:
A.services provided by police officers.
B.purchases of military hardware.
C.services provided by public servants.
D.payments made to social security recipients.
Answer
Option D
D.payments made to social security recipients.
The payments to social security benefits are a transfer payment and not added to the government purchase as all other transactions are of some of the production service or good but the social security is not a good or service so it is not added into it.
In the national income accounts, all of the following are classified as government purchases except: A.services...
1. All of the following are examples of government purchases of goods & services EXCEPT The government makes social security payment to your grandmother The government pays the salaries of military servicemen and servicewomen The government pays the salaries of members of Congress The government purchases 500 new helicopters for the army 2. All of the following are examples of investment spending EXCEPT A household purchases a newly constructed house A business purchases new robotic manufacturing equipment A business purchases...
The government purchases component of GDP includes: Select one: a. purchases of final goods and services. b. interest payments on government debt. c. transfer payments. d. payments made to social security recipients.
2. Saving and investment in the national income accounts The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $1,330 million. Enter the amount for government purchases. National Income Account Value (Millions of dollars) Government Purchases (GG) Taxes minus Transfer Payments (TT) 455 Consumption (CC) 700 Investment (II) 280 Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use...
2. Saving and investment in the national income accounts The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $1,680 million. Enter the amount for government purchases. Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. National Saving (S) = Complete the following table by using national income accounting identities to calculate private and public saving. In your...
2. Saving and Investment in the national Income accounts The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $1,680 million. Enter the amount for government purchases.Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. National Saving (S) = Complete the following table by using national Income accounting identities to calculate private and public saving. In your...
2. Saving and investment in the national income accounts The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $1,230 million. Enter the amount for government purchases. National Income Account Value (Millions of dollars) Government Purchases (GG) Taxes minus Transfer Payments (TT) 210 Consumption (CC) 600 Investment (II) 330 Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use...
Government purchases in the national income accounts: O include transfer payments. exclude expenditures by local governments and municipalities. exclude transfer payments. exclude expenditures by state governments.
Which of the following Federal Government budget items is classified as Discretionary Spending? Social Security Benefits National Defense Maintaining interstate highways more than one of these answers are correct Net Interest
Which of the following is considered mandatory government spending? payments to Social Security recipients funding for the Environmental Protection Agency international aid to poor countries payments to active military personnel infrastructure maintenance spending
Help Center? 4 Qualitative propremis worth sports each Question 5 3 pts Value 188 146 National Account Government Infrastructure spending Government Military Spending Social Security Payments Social Security Tax Total Consumption Total Investment Net Exports Welfare Payments Taxes, Less transfers & Interest Payments 59 124 Using the above national income accounts, calculate private saving. - Previous Next >