When calculating GDP from the expenditure side, Ga comprisesO A) only expenditures made by provincial and local governments.B) government expenditures on goods and services, including transferpayments.C) only purchases of goods and not services.D) government purchases of goods and services, excluding transfer payments.E) only expenditures made by the federal government.

Answer to the question is as follows:

When calculating GDP from the expenditure side, Ga comprises O A) only expenditures made by provincial and local governments. B) government expenditures on goods and services, including transfer payments. OO only purchases of goods and not services. O D) government purchases of goods and services, excluding transfer payments. E) only expenditures made by the federal government.

When calculating GDP from the expenditure side, Ga comprises O A) only expenditures made by provincial and local governments. B) government expenditures on goods and services, including transfer payments. OO only purchases of goods and not services. O D) government purchases of goods and services, excluding transfer payments. E) only expenditures made by the federal government.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter15: Gross Domestic Product

Section: Chapter Questions

Problem 7SQP

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