List the four major sources of Federal revenues
What will be an ideal response?
The four main sources of revenue are the personal income tax, payroll taxes, corporate income taxes, and excise taxes. In 2012, the personal income tax accounted for 46% of tax revenues. Payroll taxes accounted for 35% of tax revenues. Corporate income taxes were 10% of revenues. Excise taxes were 3% of tax revenues.
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The natural rate hypothesis concludes that when the inflation rate increases, then in the long run there is
A) an upward movement along the short-run Phillips curve. B) an upward shift of the short-run Phillips curve. C) a downward shift of the short-run Phillips curve. D) no change at all in the short-run Phillips curve. E) a downward movement along the short-run Phillips curve.
If P = 2 and Y = 1000 . then which of the following pairs of values are possible?
a. M = $500, V = 4. b. M = $250, V = 8. c. M = $1,000 . V = 2. d. All of the above are correct.
Judy has just looked through her favorite catalog that came in the mail and has placed an order. The catalog is an example of
A. mass marketing. B. direct marketing. C. indirect marketing. D. interactive marketing.
When U.S. prices are rising relative to those in the rest of the world
A. U.S. imports tend to decrease. B. U.S. exports tend to decrease. C. U.S. exports tend to increase. D. none of the above