Government purchases of goods and services do NOT include

A) government input costs.
B) the military payroll.
C) purchases of final products.
D) purchases by state governments.
E) welfare payments.

Question

Government purchases of goods and services do NOT includeA) government input costs.B) the military payroll.C) purchases of final products.D) purchases by state governments.E) welfare payments.

Noelle Hernandez · Accepted Answer

Final Answer : E, Explanation :  Government purchases of goods and services refer to the direct acquisition of goods and services by the government for its own use or to provide public goods and services. Welfare payments do not fall under this category as they are transfer payments made by the government to individuals or households to support their income or wellbeing.

Government purchases of goods and services do NOT include

A) government input costs.
B) the military payroll.
C) purchases of final products.
D) purchases by state governments.
E) welfare payments.

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Learning Objectives

Learning Objectives

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