Aggregate expenditures include all of the following EXCEPT
A) consumption of food.
B) purchases of intermediate goods.
C) purchases of a piece of capital equipment.
D) purchases of guns by the government.
B
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Which item in 2007 accounted for the least of total (federal, state, and local combined) government spending?
a. transportation b. education c. security d. conservation and natural resources e. interest on the debt
What linkage do advocates of income inequality make between income distribution and economic growth? a. Income equality creates greater investment, which leads to lower rates of economic growth
b. Income inequality creates less saving and more consumption, which stimulate higher rates of economic growth. c. Income inequality creates greater investment, which leads to higher rates of economic growth. d. Income equality creates more saving and less consumption, which leads to lower rates of economic growth. e. Income equality creates more investment and less consumption, which leads to higher rates of economic growth.