An american soldier stationed in north carolina receives a paycheck from the federal government for $300, which she uses to purchase a $100 mp3 player made in china by a chinese firm and $200 for fruit and vegetables from a local farmers market. as a result, u. s. gdp increases by a. $300. b. $500. c. $200. d. $600.

Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii