The largest source of the federal tax revenue is ________
A) individual income taxes
B) corporate income taxes
C) excise taxes
D) payroll taxes
A
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What, according to neoclassical growth theory, is the fundamental cause of economic growth?
What will be an ideal response?
Which of the following represents a positive supply shock, a negative supply shock, a positive demand shock, or a negative demand shock?
a. The government unexpectedly doubles all personal income tax rates. b. A newly discovered infectious disease shuts down all international ports indefinitely. c. Major technological progress occurs in the market for green energy. d. An earthquake wipes out 60% of the manufacturing capacity of an economy. e. The government unexpectedly eliminates the inheritance tax and the capital gains tax on sales of stocks and bonds.