Economics · Government Budget
Choose the correct statement regarding government expenditure from the options below.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Capital expenditure directly contributes to long-term GDP growth by creating assets.✓
- 2Capital expenditure does not impact the asset-liability status of the government.
- 3Revenue expenditure reduces the overall liabilities of the government.
- 4Revenue expenditure directly creates productive assets for the economy.
Correct answer
Capital expenditure directly contributes to long-term GDP growth by creating assets.
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