In national income accounts, an item counted as part of government spending is
ECONOMICS
JAMB 2011
In national income accounts, an item counted as part of government spending is
- A. salaries and wages
- B. pension
- C. scholarship
- D. social welfare
Correct Answer: D. social welfare
Explanation
social welfare refers to a wide range of activities and services by volunteers, non-profit organizations and governmental agencies providing help to needy persons unable to care for themselves. It is part of government expenditure when accounting for national income accounts
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