multiple select question select all that apply for the purposes of gdp accounting, government purchases…

multiple select question select all that apply for the purposes of gdp accounting, government purchases include: spending on highway construction the purchase of new military equipment social security payments need help? review these concept resources. read about the concept

multiple select question select all that apply for the purposes of gdp accounting, government purchases include: spending on highway construction the purchase of new military equipment social security payments need help? review these concept resources. read about the concept

Answer

Brief Explanations:

Government purchases in GDP accounting are spending on goods and services by government entities. Highway construction and military - equipment purchase are for goods and services. Social Security payments are transfer payments, not purchases of goods and services.

Answer:

  • spending on highway construction
  • the purchase of new military equipment