Which of the Following Statements Is Correct

question 30

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 Canada.

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Definitions:

Economic Center

A significant location or region within a country or the world known for its strong economic activity, influence, or wealth.

Off-Price Retailers

Retail stores that sell branded goods at lower prices than those typically charged by department stores or other conventional retailers, often merchandise that is in excess or from previous seasons.

Warehouse Clubs

Membership-based retail stores offering a wide variety of merchandise, often in bulk, at discounted prices.

Factory Outlets

Retail stores owned by manufacturers that sell goods directly to consumers, often at discounted prices.