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.
Chapter16: The Public Sector
Section16.4: Public Choice Theory
Problem 1YTE
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![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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F514d3fa6-e0a0-4f7e-82d5-2a8c5d3ae185%2F5c88e488-2ffb-46ae-a2fc-a6c72ddab483%2Fcah6mi2_processed.png&w=3840&q=75)
Transcribed Image Text: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.
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