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1. all levels of state federal local 2. excludes includes 3. represent does not represent Government consumption expenditures and gross investment spending (G) includes the

image text in transcribed

1.

  • all levels of
  • state
  • federal
  • local

2.

  • excludes
  • includes

3.

  • represent
  • does not represent

image text in transcribed
Government consumption expenditures and gross investment spending (G) includes the value of all of goods and services purchased by government. It transfer payments such as Social Security benefits, veterans' benefits, and welfare because these transfers newly produced goods and services

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