Which of the following statements regarding the mix of state revenues is FALSE?
A) The 50 states combined have over $1.1 trillion annual revenue.
B) Over 70 percent of all state-generated (or "own source") revenues come from taxation.
C) Most revenue from direct charges for public services is in the form of tuition for higher education.
D) With few exceptions, states generate nearly all of their of tax revenues from the general sales tax.
Correct Answer:
Verified
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