multiple select question select all that apply which of following are components of government purchases in…

multiple select question select all that apply which of following are components of government purchases in gdp? expenditures for goods and services that government consumes in providing public services expenditures for intermediate goods expenditures for transfer payments to households need help? review these concept resources. read about the concept

multiple select question select all that apply which of following are components of government purchases in gdp? expenditures for goods and services that government consumes in providing public services expenditures for intermediate goods expenditures for transfer payments to households need help? review these concept resources. read about the concept

Answer

Brief Explanations:

Government purchases in GDP include expenditures on goods and services that the government consumes in providing public - services. Expenditures for intermediate goods are not counted separately in GDP as they are already included in the value of final goods. Transfer payments are not part of government purchases in GDP because they do not represent a purchase of goods or services.

Answer:

  • Expenditures for goods and services that government consumes in providing public services