The total amount of U.S. tax revenue needed to finance the public sector

A) has been a declining percentage of the domestic output in this century.
B) equals about 40 percent of domestic output.
C) equals about 14 percent of domestic output.
D) is larger today, as a percentage of total output, than in 1960.

U.S. Tax Revenue

The total income collected by the government of the United States from tax sources, including individual and corporate income taxes, social security taxes, sales taxes, and other levies.

Public Sector

The segment of the economy that encompasses both government-run services and businesses, which are owned and controlled by the state.

Domestic Output

The comprehensive total of all goods and services' value created inside a country's limits during a certain timeframe.