Fight Finance

Courses  Tags  Random  All  Recent  Scores

Question 841  gross domestic product, government spending, no explanation

The government spends money on:

  • Goods and services such as defence, police, schools, hospitals and roads; and
  • Transfer payments (also called welfare) such as the pension, dole, disability support and student support.

When calculating GDP, the ‘government spending’ component is supposed to include:




Copyright © 2014 Keith Woodward