Which One of the Following Statements Is Accurate

question 69

Multiple Choice

Which one of the following statements is accurate?

• A) The proportion of revenue received from payroll taxes is much lower today than in the early 1960s
• B) The proportion of revenue received from corporate income taxes is much less today than in the early 1960s.
• C) The proportion of spending on the net interest on the debt is much higher today than it was in the early 1960s.
• D) The proportion of spending on Social Security is lower today than in the early 1960s.

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Definitions:

Net Export

The value of a country's total exports minus its total imports, representing the balance of trade.

Private Consumption

Expenditure by households on goods and services, excluding purchases of residences.

Government Spending

Expenses incurred by the government to provide goods and services, invest in public projects, and support economic stability and growth.

Private Consumption

Expenditures by individual households or residents of a country on goods and services, not including purchases for business or investment purposes.