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Hi, please answer the following multiple choice questions with an explantion: 5. What is included in consumption and investment spending, respectively? a. Spending on domestically
Hi, please answer the following multiple choice questions with an explantion:
5. What is included in consumption and investment spending, respectively? a. Spending on domestically produced goods and services, and on real capital b. Spending on domestically produced and foreign-produced goods and services, and on real capital c. Spending on domestically produced goods and services and on net foreign investment income d. Spending on domestically produced goods and services, and on the purchase of stocks and bonds 6. How does government spending on goods and services differ from transfer payments? a. Transfer payments are done by the federal government and the latter by provincial governments. b. The former does not include investment spending, but the latter does. c. The former represents payments for services performed, but the latter does not. d. They are the same thing, and therefore there is no differenceStep by Step Solution
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