« previous next »

Author Question: The federal government's major outlay in its budget is_______ and its major source of revenue is ... (Read 66 times)

dbose

  • Hero Member
  • *****
  • Posts: 597
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
Buy Test-Bank


Brenm

  • Sr. Member
  • ****
  • Posts: 359
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Major Ridges and Trenches of the Seafloor Major Ridges and Trenches of the Seafloor
Major Wind Systems: Sea and Land Breezes Major Wind Systems: Sea and Land Breezes
Major inner membrane transport systems for respiratory substrates and products Major inner membrane transport systems for respiratory substrates and products
Major Somatic Motor Tracts and Pathways Major Somatic Motor Tracts and Pathways
Major Climate Zones and Surface Currents Major Climate Zones and Surface Currents
Major Minerals List Major Minerals List
Video: Deglutition

For a complete list of videos, visit our video library