A helpful way to put government revenues into context is to think about it:
A) as an average amount paid per taxpayer.
B) as a percentage of the country's GDP.
C) by comparing the percentage of a country's GDP collected in taxes to other countries' percentage of GDP.
D) All of these approaches can be helpful in understanding tax revenues.
Correct Answer:
Verified
Q146: Deficits and surpluses are commonly calculated as:
A)debt
Q146: Instead of trying to balance the budget
Q147: If the federal government brings in $3
Q147: When a government earns more than it
Q148: It is difficult to balance the budget
Q150: Higher income countries tend to collect _
Q151: The federal debt is _ and the
Q152: An example of entitlement spending is:
A) national
Q156: During a time of an economic downturn,it
Q158: When a government spends more than it
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