The largest source of revenue for the Commonwealth government is ________ and the largest outlay is for ________.
A) personal income taxes; Medicare
B) corporate taxes; social security
C) personal income taxes; transfer payments
D) personal income taxes; interest on national debt
Correct Answer:
Verified
Q58: The largest item of Commonwealth government outlays
Q59: Q60: Fiscal policy attempts to achieve all of Q61: What is the largest source of revenue Q62: One characteristic of automatic fiscal policy is Q64: A government incurs a budget deficit when Q65: Expenditures such as social security benefits, farm Q66: The use of discretionary fiscal policy to Q67: If the government runs a deficit, the Q68: When interest income is taxed and the
A)taxes
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