Which of the following descriptions is most representative of the mix of revenues and expenditures of the federal government? Revenue is predominantly from income taxes and payroll taxes. Expenditures include income security and interest on the national debt. Revenue is predominantly from sales taxes and may include personal or corporate income taxes. Expenditures include investments in education and infrastructure. Revenue is predominantly from excise taxes and property taxes. Expenditures include investments in infrastructure and national defense. Revenue is predominantly from property taxes but may include sales taxes or income taxes. Expenditures include investments in education and public welfare.

Which of the following descriptions is most representative of the mix of revenues and expenditures of the federal government? Revenue is predominantly from income taxes and payroll taxes. Expenditures include income security and interest on the national debt. Revenue is predominantly from sales taxes and may include personal or corporate income taxes. Expenditures include investments in education and infrastructure. Revenue is predominantly from excise taxes and property taxes. Expenditures include investments in infrastructure and national defense. Revenue is predominantly from property taxes but may include sales taxes or income taxes. Expenditures include investments in education and public welfare.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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