Examlex
Which of the following statements is FALSE?
Tax Revenue
Government income collected from citizens and businesses through imposed levies and duties.
Tax
A mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.
Good
An item or service that fulfills a consumer's want or need, which can be tangible, like a car, or intangible, like a service provided by a dentist.
Total Surplus
The sum of consumer surplus and producer surplus in a market, representing the total net benefits received by all participants.
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