1. It refers to the purchase of goods and services, including public consumption and public investment, and transfer payments, which consist of income transfers(pensions, social benefits) and capital transfer. a. Government expenditure b. Government budget c. Government expenses
1. It refers to the purchase of goods and services, including public consumption and public investment, and transfer payments, which consist of income transfers(pensions, social benefits) and capital transfer.
a. Government expenditure b. Government budget c. Government expenses
2. Government spending is used for the nation's defense, infrastructure, health, and _________ benefits.
a. Education b. Welfare c. Safety d. Well-being
3. Which of these statements is NOT true?
a. The role of government spending is to promote economic growth and satisfy the private sector's individual or collective needs.
b. The role of government spending is to promote economic growth and satisfy the individual or collective needs of the public sector.
c. The role of government spending is to promote fiscal growth and satisfy the individual or collective needs of the public sector.
d. The role of government spending is to promote monetary growth and satisfy the individual or collective needs of the public sector.
4. This is a regional government's expenditure whose benefits exceed one fiscal year and will augment regional assets or assets in the form of infrastructure, equipment, and other fixed assets.
a. Capital expenditure b. Consumption c. Utilization
d. Transfer payments
5. This expenditure (formerly general government consumption) includes all current government expenditures for purchases of goods and services (including an employee).
a. Capital expenditure b. Consumption c. Utilization
d. Transfer payments
Step by step
Solved in 2 steps
