Describe the major sources of tax revenue and expenditures for the federal government
The major source of tax revenue to the federal government is personal income taxes. The major expenditure is on income security.
Economics
You might also like to view...
The crowding-in effect results from
a. a low MPS. b. induced investment. c. induced consumption. d. rising interest rates.
Economics
Refer to the data. How many units of the two products will the rational consumer purchase?
Answer the question on the basis of the following total utility data for products L and M. Assume that the prices of L and M are $3 and $4 respectively and that the consumer's income is $18.
A. 3 of L and none of M
B. 4 of L and 2 of M
C. 3 of L and 5 of M
D. 2 of L and 3 of M
Economics