For central governments is most OECD countries,
a) business taxes are the largest source of government revenue
b) Social Security contributions are smaller than taxes for other transfer programs
c) taxes on property income are the major source of government revenue
d) direct taxes on households raise more revenue than corporate taxes
e) lotteries generate more revenue than taxes
d) direct taxes on households raise more revenue than corporate taxes
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Which of the following is true?
a. Nations achieve high rates of economic growth primarily because of their natural resource endowments. b. Human and physical capital investments are largely irrelevant to economic growth. c. Poor nations grow slowly because they do not have access to modern technology d. A favorable institutional environment will tend to attract more investment in human and physical capital.
The stock of wealth increases more rapidly the faster the flow of ________.
A. assets B. money C. saving D. income
During a recession, we generally see
real GDP rising and unemployment rising real GDP falling and unemployment rising real GDP rising and inflation rising real GDP rising and inflation staying stable
If U.S. imports of goods and services exceed exports
A. GDP in the United States will be less than the sum of consumption, investment, and government purchases. B. GDP in the United States will exceed the sum of consumption, investment and government purchases. C. net exports for the United States are positive. D. None of the choices are true.