Answer to: Which of the following is not one of the 4 main categories of spending included in PAE? 51. 1. b. net additions to firms’ inventories. the federal government buys fighter jets, a local government pays its police, but not a state government repairs highways. The merchant provides commercial goods and services, and may include other Government agencies. Answered What does government purchases include? d. Do government purchases include government spending on unemployment benefit? 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. When Government Bonds are purchased the effect is to take money out of the money supply. yavisrael2204 04/28/2019 Social Studies Middle School +5 pts. and the other questio is-The immediate effect on GDP of Ibrahim's Purchase of a government bond is 10 years ago. The government sector purchases a wide variety of final goods and services--ranging from paper clips to fighter jets. F 8. Business purchases of GDP include the purchases of stocks, bonds, and treasury bills. 41) Which of the following purchases is included in gross domestic product account? Transfer payments are, however, included in government current expenditures and total government expenditures, which are used for budgeting purposes. the services of a U.S. government attorney valued at the cost of her salary 14. 1. ... C is the best answer because Social Security is not included in Government Purchases. a. Source(s): government purchases component gdp include spending transfer payments social: https://biturl.im/NvX79 the federal government buys fighter jets, a local government pays its police, but not a state government repairs highways. The services of a commercial painter in painting the family home. One way to categorize these assorted purchases is by level of government- … c. government transfer payments. D) The federal government pays a lawyer as a public defender. Government purchases include the expense of buying materials, equipment, and labor services. Fiscal policy includes government purchases of goods and services, government taxes, and Federal Reserve decisions about the money supply in the economy. e. The state government buys computer time. Over half of the federal budget goes to some form of entitlement. G: Government Purchases is the expenditure of the public sector, such as education and defense expenses. aThe federal government pays the salary of a Navy officer. What is the largest expenditure component of GDP? T 10. a. households’ purchases of newly constructed homes. 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. Log in. Direct purchase made abroad by government. 1. d. GDP = $3,400. It includes all government expenditure on goods and services. The value of which of the following would be included in the United States gross domestic product? 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. bConsumption. C. Outright grants from government to recipients. In the above question, I believe the answer is D but not completely sure, thanks for the help. A. unemployment benefits a state pays B. social security payments the 1 Answer to a. Complete the following table. Government purchases are the second largest category of the GDP and account for approximately 20 percent of the GDP. Answer by Andy Quach C is the best answer because Social Security is not included in Government Purchases. Government Purchases. Which of the following is included in government purchases? Which of the following is included in government purchases? Lv 7. Which of the following is included in the government purchases category of GDP? Transfer payments are not included. F 9. 1 See answer 13. F 11. 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 … c. GDP = $3,140. b. GDP = $3,060. E. Unemployment compensation benefits. Log in. a. a) U.S. Exports b) Military equipment purchases by the government c) Household purchases of used goods 2. c. firms’ purchases of capital equipment. Government purchases include the expense of buying materials, equipment, and labor services. (a.) 50. merchant. a. GDP = $2,720. The federal government pays a lawyer as a public defender. Which of the following items is counted as part of government purchases? A form of government spending that is not made in exchange for a currently produced good or service is called aA transfer payment. Answer to: If autonomous investment increases by 100 and government purchases decrease by 100, which of the following is true? The clerical workers are providing a service. E) The state government buys computer time. e. GDP cannot be determined due to insufficient data. 29. d. All of the above are correct. Get the detailed answer: Which of the following is included in government purchases? 67. The government sector purchases a wide variety of final goods and services--ranging from paper clips to fighter jets. E) None of the above. b. The government purchases component of GDP does not include spending on transfer payments such as social security. 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. Which of the following is included in GDP as government purchases? 49. 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. c. Does investment include the purchase of company shares and bonds? cInvestment. 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. Social Security payments the U.S. government makes the services of a U.S. government attorney valued at the cost of her salary d. Click here to get an answer to your question ️ What does government purchases include? Which of the following is included in GDP? a. unemployment benefits a state pays b. QUESTION 1: Which of the following items is counted as part of government purchases? a. Give your answer to this question below! Explain your answer in each case. One way to categorize these assorted purchases is by level of government- … Group of answer choices. Yes, it will be included in the national income as it is a part of the government final consumption expenditure. Use the following data to calculate GDP: consumption = $2,000; gross investment = $600; government purchases = $500; net exports = -$40; transfer payments = $340. For which of the following is the CPI not used? B) The state government funds a state university. Thinking about the GDP, explain why transfer payments are excluded. a) Calculating real GDP from nominal GDP b) Setting an inflation target c) Indexing payments 3. 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 … Yes, it is included in the national income as it is an income received for productive services. Why? Earning from a part time job in McDonalds by a student. However, it does not include transfer payments, such as the payment of Social Security or welfare benefits. 2. 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. The sale of American-grown corn to China is included in the _____ category of GDP. Join now. Which of the following is included in the investment component of GDP? QUESTION 8 Which of the following is included in government purchases? Join now. Supply side policy can include deregulation and cuts in tax rates. Which of the following is included in the government purchases component of GDP? 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. Which of the following is included in the investment component of GDP? D. payments to clerical workers hired by government. b. savings. 0 0. meg. 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. dNone of the above is correct. unemployment benefits a state pays (b.) The three largest items they buy (in order) are social services for people, defense and paying on the debt. 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. Which of the following goods are included in the GDP price index but are ignored by the … All of the above are correct which of the following is included in government purchases? Which of the following would not be included in GDP as government purchases? the federal government buys fighter jets, a state government repairs highways, but not a local government pays its police. Answer by meg C It is a transfer payment and the recipient of the check spends the money. Which of the following are included in this year's GDP? Which of the following does the CPI include? 1. 15. a. government purchases of labor, goods, and services. Transfer payments are not included. Why? Ask your question. A) The local township repairs the roads. Which of the following is included in the government purchases component of GDP? The answer is A. 68 The largest component of aggregate expenditure is. Policy can include deregulation and cuts in tax rates made in exchange for currently... 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