Rank the Following State and Local Government Expenditure Categories from Smallest

question 109

Multiple Choice

Rank the following state and local government expenditure categories from smallest to largest.

• A)education, health, highways
• B)education, highways, health
• C)highways, health, education
• D)health, education, highways.

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Definitions:

Tax Rate

The percentage at which an individual or corporation is taxed by the government.

Preference Shares

A type of stock that provides holders with priority over common stockholders in the distribution of dividends and assets upon liquidation.

Fair Value

The sum likely to be fetched for selling an asset or the expense incurred to pass on a liability, within a structured deal among participants in the market at the time of assessment.