Which of the Following Contributed to the Sharp Increase in Federal

question 38

Multiple Choice

Which of the following contributed to the sharp increase in Federal tax revenues between 1995 and 2001?

• A)an increase in income tax rates
• B)a sustained economic expansion
• C)increased income inequality
• D)all of the above

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Definitions:

Technology

The application of scientific knowledge for practical purposes, especially in industry and the development of electronic devices, machines, and software.

Manufacturing

The industrial process of converting raw materials into finished goods through the use of labor, machinery, tools, and chemical processing.

Health Care

The maintenance or improvement of health via prevention, diagnosis, treatment, recovery, or cure of diseases, injuries, and other physical or mental impairments in people.

Transportation Industry

Comprises companies that move people or goods, by land, sea, or air, from one location to another, including logistics and infrastructure support.