Author Question: Under the expenditure approach to GDP accounting, government purchases of goods and services include ... (Read 149 times)

mrsjacobs44 · **on:** Jun 30, 2018

Under the expenditure approach to GDP accounting, government purchases of goods and services include welfare payments.
a. True
b. False
Indicate whether the statement is true or false

Question 2

If there is a sudden jump in the inflation rate, the purchasing power of financial assets will immediately fall.
a. True
b. False
Indicate whether the statement is true or false