$$\begin{array} { | l | c | }
\hline \text { Component } & \begin{array} { c }
\text { Dollars } \
\text { (billion) }
\end{array} \
\hline \text { Personal income taxes } & 500 \
\hline \text { Social security taxes } & 400 \
\hline \text { Corporate income taxes } & 150 \
\hline \text { Indirect taxes } & 75 \
\hline \text { Transfer payments } & 1,200 \
\hline \text { Expenditure on goods and } & \
\text { services } & 225 \
\hline \text { Debt interest } & 75 \
\hline
\end{array}$$
-The table above has data for a country's government budget.The country has government revenues of ________ billion.
A) $900
B) $1125
C) $725
D) $1700

Question

$$\begin{array} { | l | c | } 
\hline \text { Component } & \begin{array} { c } 
\text { Dollars } \
\text { (billion) }
\end{array} \
\hline \text { Personal income taxes } & 500 \
\hline \text { Social security taxes } & 400 \
\hline \text { Corporate income taxes } & 150 \
\hline \text { Indirect taxes } & 75 \
\hline \text { Transfer payments } & 1,200 \
\hline \text { Expenditure on goods and } & \
 \text { services } & 225 \
\hline \text { Debt interest } & 75 \
\hline
\end{array}$$
-The table above has data for a country's government budget.The country has government revenues of ________ billion.
A) $900
B) $1125
C) $725
D) $1700

Quizplus · Accepted Answer

To calculate government revenues, we need to add up all the components listed in the table. $500+400+150+75+1200+225+75=2625$. Therefore, the government revenues are $2625$ billion, which is closest to option B ($1125$ billion).

-The Table Above Has Data for a Country's Government Budget