In real terms, the cost of government spending is measured by
A. Subtracting private sector output from the public sector output sacrificed when the government employs scarce resources.
B. The public sector output sacrificed when the government employs scarce resources.
C. The private sector output sacrificed when the government employs scarce resources.
D. Combining the private sector output with the public sector output sacrificed when the government employs scarce resources.
Answer: C
Economics
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