Multiple Choice
In the equation GDP = C + I + G + NX, the G component refers to:
A) federal government expenditures plus all transfer payments.
B) the taxes and expenditure of all levels of government.
C) federal government expenditures on transfer payments, such as pensions and unemployment benefits.
D) the purchases of final goods and services by all levels of government, excluding transfer payments.
Correct Answer:
Verified
Correct Answer:
Verified
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