For the government to provide services, it collects revenue from
A) only individuals in the form of taxes.
B) only corporations in the form of taxes.
C) selling bonds to foreign governments.
D) both households and businesses in various forms of taxes.
E) selling manufactured goods overseas.

Question

Quizplus · Accepted Answer

The government collects revenue from both households (individuals) and businesses (corporations) in various forms of taxes such as income tax, sales tax, property tax, and corporate tax. Selling bonds to foreign governments and selling manufactured goods overseas are also sources of revenue for the government, but they are not the primary sources.

For the Government to Provide Services, It Collects Revenue from