Author Question: In the national income accounts, government expenditure on goods and services exclude A) transfer ... (Read 212 times)

audragclark · **on:** Jun 29, 2018

In the national income accounts, government expenditure on goods and services exclude

A) transfer payments.
B) state and local government purchases.
C) local government purchases but include state government purchases.
D) spending on national defense.

Question 2

The table above shows the exchange rates between various currencies and the U.S. dollar. Between 2015 and 2016, the U.S. dollar ________ against the Euro and ________ against the Japanese yen.

A) depreciated; depreciated
B) appreciated; appreciated
C) appreciated; depreciated
D) depreciated; appreciated