6.Which one of the following is an injection into the circular flow of income?
(1 Point)
Personal income tax
Government purchases of factor services
Imports
business tax
Answers
Answer:
Government purchases of factor services
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Answer:
Government purchases of factor services
Explanation:
Government purchases of factor services
Is the correct answer of this question .
What Are Purchases by the Government? Federal, state, and municipal governments spend money on products and services through government purchases. One of the most important factors in calculating a country's gross domestic product is the sum of all of this expenditure, minus transfer payments and interest on the debt (GDP).
Direct purchases of products and services are made by governments. For instance, the federal government pays soldiers and purchases weapons, ammunition, armour, and other necessary items for the national defence. The welfare system, Social Security, Medicare, Medicaid, and unemployment insurance are examples of "transfer payments" made by governments.
Contracts are the most typical method used by the federal government to purchase goods and services. A contract is an arrangement between two or more parties in which each side agrees to fulfil specific duties.
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