ent 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.
ent 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.
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 9SQ
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Question
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
A) i only
B) i and ii
C) i, ii and iii
D) i, ii, iii and iv
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