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Which of the following is an accurate statement about the relative size of government purchases and government spending? A. Spending includes transfer payments like social
Which of the following is an accurate statement about the relative size of government purchases and government spending?
A. Spending includes transfer payments like social security, but purchases do not.
B. Because spending is the same as purchasing, the measures must be the same.
C. Neither includes provision of government services by contract with private firms.
D. Purchases will be greater than spending because of deficit and surplus adjustments.
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