Using the expenditure approach, government expenditures includeQuestion 3AnswerSelect one:a.only state and local government expenditures.b.defense and nondefense federal, state, and local government expenditures.c.residential investment and state and local government expenditures.d.federal government expenditures and transfer payments.e.only nondefense federal government expenditures.

Which of the following is/are NOT included in the expenditure approach to national income accounting?Question 4AnswerSelect one:a.software developmentb.defense expendituresc.software investmentd.taxese.health care expenditures

One of the following is not a classification of government expenditureQuestion 1Answera.Economic development and Miscellaneousb.Defense and Social amenitiesc.All of the aboved.Administration of law and Order

Government spending adds directly to GDP through _____ and indirectly through _____.Group of answer choicesgovernment purchases; military spendingtransfer payments; government purchasesgovernment purchases; transfer paymentshigher interest rates; crowding out

Social security, Medicare and Medicaid are included in what expenditures?Select one:a.interest expenseb.none of the choicesc.mandatory spending and social safety netsd.discretionary spending

If the federal​ government's expenditures are less than its tax​ revenues, then: a. a budget deficit results. b. the budget is balanced. c. the government is deficit spending. d. a budget surplus results.