As a Result of Wartime Revenue Acts, ____________________

question 15

Multiple Choice

As a result of wartime revenue acts, ____________________.

• A) the government was able to fund the war fully through increased taxes
• B) corporations paid more in taxes than did individual workers
• C) rises in the real income of Americans declined due to tax increases
• D) the number of Americans paying income tax increased significantly

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Definitions:

Country

A distinct territorial body or political entity that is recognized as an independent nation.

Currency

A system of money in general use in a particular country or economic context, serving as a medium of exchange.

Exchange Rate

The value of one currency for the purpose of conversion to another, determining how much of one currency can be exchanged for another.

Japanese Goods

Products manufactured in Japan, ranging from electronics and automobiles to traditional crafts.