The General Sales Tax Yielded What Percentage of the State's

question 60

Multiple Choice

The general sales tax yielded what percentage of the state's revenue?

• A)6.25
• B)26.2
• C)4.5
• D)3.4

---

Definitions:

Natural Resources

Materials or substances that occur in nature which can be utilized for economic gain, such as minerals, forests, water, and fertile land.

International Trade

The exchange of goods, services, and capital across international borders or territories, driven by comparative advantage.

Economic Growth

An increase in the production of economic goods and services, compared from one period of time to another.

Diminishing Returns

A principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other inputs remain constant.