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2 years ago

Which of the following is an example of government expenditures on goods and services

1 answer:

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an example of government expenditure on goods and services is D. The purchase of office supplies for the office of the junior senator from New York.

<h3>what is government expenditure?</h3>

this refers to any amount that the government spends in the economy including those that are spent to maintain government activities.

the government spending money on a senator would therefore fall under government spending to maintain itself.

options for this question include:

A. The amount spent on hotel accommodation when tourists visit Washington D.C.

B. The payment of unemployment benefits

C. The salaries paid to Washington correspondents from major networks and newspapers

D. The purchase of office supplies for the office of the junior senator from New York

find out more on government expenditure at brainly.com/question/25125137.

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Therefore, Option (D) is correct answer.

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3 years ago

Suppose that the marginal propensity to consume in Frugalia is 0.60. The government of Frugalia enacts a stimulus program that i

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option (c) $25 million

Explanation:

Data provided in the question:

The marginal propensity to consume in Frugalia, MPC = 0.60

Increase in spending = $10 million

Now,

The total increase in income

= $\frac{\textup{1}}{\textup{1-MPC}}$ × Increase in spending

on substituting the respective values, we get

= $\frac{\textup{1}}{\textup{1-0.6}}$ × $10 million

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3 years ago

What industry cannot rely on estimation

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Cost estimation aids in setting the project budget, planning the required work, and managing new resources. Cost estimates are also of the utmost importance when trying to win over new clients. Before starting actual building, property owners also utilize cost estimates to evaluate the viability of their projects.

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