Asked by Kimberly Beltran on Jul 17, 2024
Verified
In the United States,federal government tax receipts are somewhat less than _____ percent of GDP.
A) 10
B) 20
C) 30
D) 40
E) 50
GDP
Gross Domestic Product, the total value of all goods and services produced within a country in a specific time period.
Federal Government
The national government of a federation, which holds the authority to govern issues that affect the entire country.
Tax Receipts
The income received by the government from taxes.
- Pinpoint the key contributors to revenue for both state and federal entities.
Verified Answer
LJ
Lalah JonesJul 23, 2024
Final Answer :
B
Explanation :
Federal government tax receipts in the United States are somewhat less than 20 percent of GDP.
Learning Objectives
- Pinpoint the key contributors to revenue for both state and federal entities.