What is the largest source of tax revenue for the U.S. federal government and what is the largest expenditure item of the U.S. federal government?

What will be an ideal response?

The largest source of tax revenue for the U.S. federal government is personal income taxes, that is, the income taxes that individuals pay. The largest expenditure of the U.S. federal government is spending on Medicare and Medicaid.

Economics

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The chief function of the Federal Reserve is to be the federal government's tax collection institution

a. True b. False Indicate whether the statement is true or false

Economics

Discuss the major determinants of net exports

Economics