Consumption Spending by Government (Grade 11 NSC Matric Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What symbol represents government consumption expenditure in economic models?
What symbol represents government consumption expenditure in economic models?
G
Which is NOT one of the four main components of aggregate demand?
Which is NOT one of the four main components of aggregate demand?
Transfer payments
What are the two main components of government consumption spending?
What are the two main components of government consumption spending?
Remuneration and goods/services purchases
Which component represents the biggest portion of government consumption spending?
Which component represents the biggest portion of government consumption spending?
Remuneration of public sector employees
Which of these is an example of a transfer payment?
Which of these is an example of a transfer payment?
Old age pensions
Why are transfer payments excluded from government consumption expenditure?
Why are transfer payments excluded from government consumption expenditure?
They move money without purchasing goods
In South Africa's 2008 budget, which sector received the largest allocation?
In South Africa's 2008 budget, which sector received the largest allocation?
Education
What percentage of South Africa's 2008 budget was allocated to health services?
What percentage of South Africa's 2008 budget was allocated to health services?
11%
How does government consumption expenditure create employment?
How does government consumption expenditure create employment?
By paying public sector employees
What is the key characteristic of government consumption expenditure?
What is the key characteristic of government consumption expenditure?
It directly purchases for immediate use