About One-Third of All Federal Aid to Local Governments Went

question 18

Multiple Choice

About one-third of all federal aid to local governments went to municipalities, but these monies constituted only about what percentage of municipal revenues?

• A) 4-6%
• B) 9-11%
• C) 15-16%
• D) 25%

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Definitions:

Yearly Income

The total pre-tax earnings received by an individual or household over the course of one year from all sources combined.

SST

Total Sum of Squares, a measure used in statistics to quantify the variance in a dataset.

SSE

Sum of Squares due to Error, a measure of the discrepancy between the data and an estimation model, reflecting the unexplained variance within the model.

Expected Yearly Income

An estimation of the amount of money one is anticipated to earn over the course of a year.