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: 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