18 Government expenditure includes all public consumption, investment, and transfer payment. Which of the following is categorized under current expenditure? i. Purchases of hospital equipment. ii. Salary payment for teachers of private schools. iii. Grant for research and development (R&D) activities. iv. Social security payments for the unemployed. i only i and ii i, ii and iii i, ii, iii and iv

18 Government expenditure includes all public consumption, investment, and transfer payment. Which of the following is categorized under current expenditure? i. Purchases of hospital equipment. ii. Salary payment for teachers of private schools. iii. Grant for research and development (R&D) activities. iv. Social security payments for the unemployed. i only i and ii i, ii and iii i, ii, iii and iv

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter19: Financing International Trade

Section: Chapter Questions

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Question

18 Government expenditure includes all public consumption, investment, and transfer payment. Which of the following is categorized under current expenditure?

i. Purchases of hospital equipment.

ii. Salary payment for teachers of private schools.

iii. Grant for research and development (R&D) activities.

iv. Social security payments for the unemployed.

i only

i and ii

i, ii and iii

i, ii, iii and iv

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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