Tax Expenditures

question 40

Multiple Choice

Tax expenditures

• A)were declared unconstitutional by the Supreme Court in 2015.
• B)have no impact on the revenue coming in to the national treasury each year.
• C)cost the national treasury over $1.2 trillion in foregone revenues each year.
• D)contribute over $1.2 trillion in revenue to the national treasury each year.

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Definitions:

Empty

A state or condition where no elements, members, or items are present, often used in data contexts to describe a lack of values.

Average Arrival Rate

Measures the average rate at which entities (such as customers, calls, or vehicles) arrive into a system or facility over a specified period.

Average Number

A basic statistical measure represented by the sum of all values divided by the count of values, commonly used to describe the central tendency of data.

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1.