________ and ________ are the largest sources of revenue collected by the federal government
A) Individual income taxes; corporate income taxes
B) Individual income taxes; social insurance taxes
C) Excise and other taxes; individual income taxes
D) Corporate income taxes; excise and other taxes
B
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If the purchasing power of a dollar is less than the purchasing power of the euro, purchasing power parity would predict that
A) in the long run, interest rates will move to equalize the purchasing power of the dollar and the euro. B) in the short run, interest rates will move to equalize the purchasing power of the dollar and the euro. C) in the short run, exchange rates will move to equalize the purchasing power of the dollar and the euro. D) in the long run, exchange rates will move to equalize the purchasing power of the dollar and the euro.
An inflation rate of 5% between 2017 and 2018 would be implied by a change in the GDP deflator from ________ in 2017 to ________ in 2018
A) 105; 115 B) 200; 205 C) 400; 420 D) 375; 390