For the US

question 106

Multiple Choice

For the U.S. government to provide services, it collects revenue from

• A) only individuals in the form of taxes.
• B) only corporations in the form of taxes.
• C) selling bonds to foreign governments.
• D) both households and businesses in various forms of taxes.
• E) selling manufactured goods overseas.

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Definitions:

Country A

A placeholder name often used in hypothetical economic models or discussions to refer to an unspecified country.

Business Income

The profit or loss generated from a company's activities after deducting expenses.

Emigration

The act of leaving one's resident country or region with the intent to settle elsewhere.

Total Output

Total output is the overall quantity of goods or services produced by a company, sector, or economy within a certain period.