This is a component of GDP that is determined by this entity’s spending on public works, national defense, public education and other similar expenditures.Select one:a. Investmentsb. Net Exportsc. Governmentd. Consumption
Question
This is a component of GDP that is determined by this entity’s spending on public works, national defense, public education and other similar expenditures.Select one:a. Investmentsb. Net Exportsc. Governmentd. Consumption
Solution
The answer is c. Government. This component of GDP is determined by the government's spending on public works, national defense, public education, and other similar expenditures.
Similar Questions
This is a component of GDP that comes from the spending of Households.Select one:a. Consumptionb. Governmentc. Net Exportsd. Investments
This is a component of GDP that comes from the expansion of existing businesses and creation of new businesses.Select one:a. Governmentb. Net Exportsc. Consumptiond. Investments
The largest component of GDP is abusiness investment bconsumer spending cgovernment spending d
If a government spends $30 billion on public infrastructure, $115 billion on national defence, $20 billion on unemployment benefits, and $70 billion on civil services, then its total consumption expenditure is:
If GDP (measured in billions of current dollars) is $5,465, consumption is $3,657, investment is $741, and net exports are –$1,910, then government purchases are:
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.