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

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

Which of the following is typically considered discretionary spending in a consumer's budget?Multiple choice question.transportationhealth careentertainmentfood

Budgets for funds that are held for employess in benefits plans.Select one:a.enterprise fundb.debt service fundc.none of the choicesd.agency fund

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