Principles Of Economics, Ap Edition, 9781337292603, 1337292605, 2018
8th Edition
ISBN: 9781337292603
Author: Mankiw
Publisher: Cengage Learning (2018)
expand_more
expand_more
format_list_bulleted
Question
Chapter 12.1, Problem 1QQ
To determine
The two most important sources of tax revenue for the federal government, state government and local government.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
9.which flows represent taxes?
a. C and D
b. E and F
c. A and B
d. D and E
An indirect tax is:
A.
a tax on goods and services that we purchase
B.
a tax with your name on it
C.
a tax that increases as your income increases
D.
All of the Above
A proportional tax is a tax for which people with lower incomes
Group of answer choices
A. pay a higher percentage of their incomes in tax than do people with higher incomes.
B. pay a lower percentage of their incomes in tax than do people with higher incomes.
C. pay the same percentage of their incomes in tax as do people with higher incomes.
D. pay the same amount of taxes as people with higher incomes pay.
Chapter 12 Solutions
Principles Of Economics, Ap Edition, 9781337292603, 1337292605, 2018
Knowledge Booster
Similar questions
- Excise taxes on tobacco and alcohol and state sales taxes are often criticized for being regressive. Although everyone pays the same rate regardless of Income, why might this be so?arrow_forwardHave spending and taxes by state and local governments In the United States had a generally upward or downward trend in the last few decades?arrow_forwardWhat are the main categories of U.S. federal government taxes?arrow_forward
- Give some examples of changes in federal spending and taxes by the government that would be fiscal policy and some that would not.arrow_forwardWhat is the difference between a progressive tax, a proportional tax, and a regressive tax?arrow_forwardHave the spending and taxes of the U.S. federal government generally had an upward or a downward trend in the last few decades?arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- Principles of MicroeconomicsEconomicsISBN:9781305156050Author:N. Gregory MankiwPublisher:Cengage LearningEconomics (MindTap Course List)EconomicsISBN:9781337617383Author:Roger A. ArnoldPublisher:Cengage Learning
- Principles of Economics 2eEconomicsISBN:9781947172364Author:Steven A. Greenlaw; David ShapiroPublisher:OpenStax
Principles of Microeconomics
Economics
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning
Principles of Economics 2e
Economics
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:OpenStax