Using the fiscal year 2020 estimates, the largest component of state and local revenue is the
A. revenue from the federal government.
B. corporate income tax.
C. individual income tax.
D. sales, excise, and gross receipts taxes.
Answer: D
You might also like to view...
Who benefits from imports?
A) domestic consumers B) domestic producers C) foreign consumers D) Both answers A and B are correct.
The average level of effective protection has exceeded 300% for which of the following countries?
(a) Pakistan and Uruguay. (b) Argentina and Brazil. (c) Philippines and Mexico. (d) India and China.
Which of the following statements is NOT true for a perfectly competitive firm?
A) A firm's demand curve is horizontal. B) The firm can influence its demand curve by advertising its product. C) The firm's demand curve is perfectly elastic. D) The market demand and supply curves determine the market price.
When economists talk about growth in the economy, they measure that growth as the
a. absolute change in nominal GDP from one period to another. b. percentage change in nominal GDP from one period to another. c. absolute change in real GDP from one period to another. d. percentage change in real GDP from one period to another.