In national income accounts, an item counted as part of government spending is
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Correct Answer: Option D
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
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