1.6 Which one of the following statements is incorrect? a) Central government fo

Question

1.6 Which one of the following statements is incorrect?

a) Central government forms part of general government.

b) Provincial government forms part of the public sector.

c) Local government forms part of general government.

d) Public corporations form part of general government.

1.3 GDP at ________ prices will usually be greater than GDP at ________ prices because of ________.

a) constant; current; inflation

b) current; constant; inflation

c) constant; current; depreciation

d) current; constant; depreciation

Explanation / Answer

Answer:

1.3 GDP at ________ prices will usually be greater than GDP at ________ prices because of ________.
a) constant; current; inflation
b) current; constant; inflation
c) constant; current; depreciation
d) current; constant; depreciation

1.6 Which one of the following statements is incorrect?
a) Central government forms part of general government.
b) Provincial government forms part of the public sector.
c) Local government forms part of general government.
d) Public corporations form part of general government.

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