In the national income accounts, all of the following are classified as government purchases except: A.services...
In the national income accounts, all of the following are classified as government purchases except:
A.services provided by police officers.
B.purchases of military hardware.
C.services provided by public servants.
D.payments made to social security recipients.
Homework Answers
Answer
Option D
D.payments made to social security recipients.
The payments to social security benefits are a transfer payment and not added to the government purchase as all other transactions are of some of the production service or good but the social security is not a good or service so it is not added into it.
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In the national income accounts, all of the following
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