D Question 3 1 pts Government purchases are defined as O goods and services purc
ID: 1112684 • Letter: D
Question
D Question 3 1 pts Government purchases are defined as O goods and services purchased from the government. O all goods and services purchased by the federal government. O all goods and services purchased by the federal or state government. O only goods purchased by federal, state, or local governments. O all goods and services purchased by the federal, state, or local government D Question 4 1 pts An open economy O cannot save either by building up its capital stock or by acquiring foreign wealth. O can save by avoiding excessive imports. O can save either by building up its capital stock or by acquiring foreign wealth. O can save only by acquiring foreign wealth. O can save only by building up its capital stock. D Question 5 1 pts Disposable income is National income O plus net taxes collected from households and firms by the government. O less gross taxes collected from households by the government O less net taxes collected from households and firms by the government. O plus taxes collected from households and firms by the government.Explanation / Answer
Answer.)
Q3.) All goods and services purchased by the federal, state , or local government.
Q4.) Can save by avoiding excessive imports.
Q5.) Less the net taxes collected from households and firms by the government.
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