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Author Question: The federal government's major outlay in its budget is_______ and its major source of revenue is ... (Read 76 times)

dbose

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on: Jun 29, 2018
The federal government's major outlay in its budget is_______ and its major source of revenue is _______.
 
  A. debt interest; sales of government bonds
  B. expenditure on goods and services; taxes on goods and services
  C. Social Security and other benefits; personal income taxes
  D. subsidies to farmers; corporate taxes

Question 2

A corporation is owned by its
 
  A) employees. B) stockholders. C) CEO. D) board of directors.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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Brenm

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C Social Security payments are the major part of the govern-ment's transfer payments, which is the largest outlay item. On the revenue side, personal income taxes slightly exceed Social Security taxes in revenue collected.

Answer to Question 2

B


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