The largest source of revenue for the federal government is ________ and the largest outlay is for ________.
A) corporate taxes; Social Security
B) personal income taxes; expenditure on goods and services
C) corporate taxes; interest on national debt
D) personal income taxes; transfer payments
Correct Answer:
Verified
Q22: Federal government outlays as a percentage of
Q23: Q24: Whenever the federal government spends more than Q25: Social Security benefits and expenditures on Medicare Q26: The largest item of government outlays is Q28: All of the following are government outlays Q29: If taxes exactly equaled government outlays the Q30: Which of the following is NOT a Q31: If the federal government's tax revenues are Q32: A government incurs a budget deficit when
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