Which of the Following Statements Is Correct

question 398

Multiple Choice

Which of the following statements is correct?

• A) The U.S. federal government collected a higher percentage of income in taxes in the early 1900s than in the early 2000s.
• B) The U.S. federal government collects a higher percentage of income in taxes than many European countries, including France and Germany.
• C) The U.S. federal government collects a lower percentage of income in taxes than many developing countries, including Mexico and India.
• D) The U.S. federal government collects a similar percentage of income in taxes as Brazil and Japan.

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Definitions:

Retailers Stock

Retailers stock refers to the inventory of goods and products that a retailer keeps on hand to meet customer demand.

Sales Increasing

A situation where the number of goods or services sold is growing over a period.

Market Share

The portion of a market controlled by a particular company or product.