ANS: C PTS: 1 DIF: Moderate NAT: Reflective Thinking LOC: The study of economics, and definitions of economics TOP: GDP Based on the Expenditure Approach 39. Use the following data to calculate GDP: consumption = $2,000; gross investment = $600; government purchases = $500; net exports = -$40; transfer payments = $340. C. Outright grants from government to recipients. 50. D. payments to clerical workers hired by government. c. firms’ purchases of capital equipment. Social Security payments the U.S. government makes (c.) the services of a U.S. government attorney valued at the cost of her salary (d.) All of the above are correct. unemployment benefits a state pays (b.) A) The local township repairs the roads. Which of the following are included in this year's GDP? a. unemployment benefits a state pays b. the federal government buys fighter jets, a local government pays its police, but not a state government repairs highways. E. Unemployment compensation benefits. Social Security payments the U.S. government makes the services of a U.S. government attorney valued at the cost of her salary d. 1. Which of the following is included in GDP as government purchases? a. government purchases of labor, goods, and services. The government purchases component of GDP does not include spending on transfer payments such as social security. the services of a U.S. government attorney valued at the cost of her salary 14. Which of the following goods are included in the GDP price index but are ignored by the … However, it does not include transfer payments, such as the payment of Social Security or welfare benefits. Answer by Andy Quach C is the best answer because Social Security is not included in Government Purchases. 68 The largest component of aggregate expenditure is. Log in. Transfer payments are not included. Answer by meg C It is a transfer payment and the recipient of the check spends the money. c. GDP = $3,140. c. Does investment include the purchase of company shares and bonds? A. unemployment benefits a state pays B. social security payments the D) The federal government pays a lawyer as a public defender. a. GDP = $2,720. Which of the following does the CPI include? 1. The sale of American-grown corn to China is included in the _____ category of GDP. Government Purchases. Transfer payments are, however, included in government current expenditures and total government expenditures, which are used for budgeting purposes. b. Join now. T 10. 15. Government purchases include goods and services that the government uses to provide public services and expenditures for social capital, such as for schools and highways.Government purchases include purchases made by all government entities, including federal, state, and local governments. Transfer payments are not included. 1. A form of government spending that is not made in exchange for a currently produced good or service is called aA transfer payment. a. merchant. Also included in the investment category is the purchase of new machines and construction of new factories by businesses and the any changes in a business’s inventory. QUESTION 8 Which of the following is included in government purchases? G: Government Purchases is the expenditure of the public sector, such as education and defense expenses. F 11. 67. Explain your answer in each case. dNone of the above is correct. Get the detailed answer: Which of the following is included in government purchases? 41) Which of the following purchases is included in gross domestic product account? Which of the following is included in the investment component of GDP? ... C is the best answer because Social Security is not included in Government Purchases. Which of the following items is counted as part of government purchases? not included in U.S. GDP because they are consumed abroad b. included in U.S. GDP because they are produced domestically c. included in U.S. GDP because they represent an increase in inventories d. included in U.S. GDP as government purchases because the government … One way to categorize these assorted purchases is by level of government- … The value of which of the following would be included in the United States gross domestic product? aThe federal government pays the salary of a Navy officer. What is the largest expenditure component of GDP? Group of answer choices. Government purchases include the expense of buying materials, equipment, and labor services. 49. Supply side policy can include deregulation and cuts in tax rates. A) Purchases of bibles from a Christian bookstore B) Purchases of how-to manuals from a local hardware store C) Purchases of anti-capitalist literature from a radical, student-managed bookstore D) All of the above. e. GDP cannot be determined due to insufficient data. B) The state government funds a state university. 13. The answer is A. b. GDP = $3,060. Yes, it is included in the national income as it is an income received for productive services. Social Security payments b. welfare payments c. payments to people in the military d. interest on the national debt e. payments to unemployed workers 30. a. households' purchases of newly constructed homes b. net additions to firms' inventories c. firms' purchases of capital equipment d. All of the above are correct. b. savings. Join now. (a.) and the other questio is-The immediate effect on GDP of Ibrahim's Purchase of a government bond is The merchant provides commercial goods and services, and may include other Government agencies. d. GDP = $3,400. bConsumption. Click here to get an answer to your question ️ What does government purchases include? 29. Which of the following is included in government purchases? The clerical workers are providing a service. 2. a. households’ purchases of newly constructed homes. Government purchases include the expense of buying materials, equipment, and labor services. Lv 7. Which of the following would not be included in GDP as government purchases? Thinking about the GDP, explain why transfer payments are excluded. Ask your question. The federal government pays a lawyer as a public defender. F 8. Business purchases of GDP include the purchases of stocks, bonds, and treasury bills. The government sector purchases a wide variety of final goods and services--ranging from paper clips to fighter jets. Answered What does government purchases include? The three largest items they buy (in order) are social services for people, defense and paying on the debt. Complete the following table. 1 See answer Which of the following is included in the government purchases component of GDP? c. government transfer payments. a) U.S. Exports b) Military equipment purchases by the government c) Household purchases of used goods 2. Government purchases are the second largest category of the GDP and account for approximately 20 percent of the GDP. 10 years ago. All of the above are correct which of the following is included in government purchases? the federal government buys fighter jets, a local government pays its police, but not a state government repairs highways. Which of the following is included in government purchases? a) Calculating real GDP from nominal GDP b) Setting an inflation target c) Indexing payments 3. When Government Bonds are purchased the effect is to take money out of the money supply. For which of the following is the CPI not used? Source(s): government purchases component gdp include spending transfer payments social: https://biturl.im/NvX79 Which of the following is included in the government purchases component of GDP? Direct purchase made abroad by government. In the above question, I believe the answer is D but not completely sure, thanks for the help. The government sector purchases a wide variety of final goods and services--ranging from paper clips to fighter jets. If a U.S. citizen buys a television made in Korea by a Korean firm, then _____ U.S. net exports decrease and U.S. GDP is unaffected. 51. 0 0. meg. Why? Fiscal policy includes government purchases of goods and services, government taxes, and Federal Reserve decisions about the money supply in the economy. The services of a commercial painter in painting the family home. Why? One way to categorize these assorted purchases is by level of government- … It includes all government expenditure on goods and services. Answer to: If autonomous investment increases by 100 and government purchases decrease by 100, which of the following is true? E) None of the above. Which of the following is included in GDP? E) The state government buys computer time. d. Do government purchases include government spending on unemployment benefit? yavisrael2204 04/28/2019 Social Studies Middle School +5 pts. Earning from a part time job in McDonalds by a student. the federal government buys fighter jets, a state government repairs highways, but not a local government pays its police. cInvestment. Which of the following is included in the investment component of GDP? Log in. F 9. Over half of the federal budget goes to some form of entitlement. a. It does NOT include transfers such as A,B,C and E as no goods or services have been provided in exchange for the government payments. Give your answer to this question below! D-Link Text: This is an interactive flash module that includes the following information concerning the key roles of the individuals involved in the use of the government … 1 Answer to a. Answer to: Which of the following is not one of the 4 main categories of spending included in PAE? b. net additions to firms’ inventories. Yes, it will be included in the national income as it is a part of the government final consumption expenditure. If the marginal propensity to consume is 0.9, the government increases purchases by $100, and net exports decline by $60, the equilibrium level of real gross domestic product will. a. Which of the following is included in the government purchases category of GDP? e. The state government buys computer time. 1. QUESTION 1: Which of the following items is counted as part of government purchases? d. All of the above are correct. An answer to: which of the following items is counted as part of purchases... C. 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