Which One of the Following Statements Is Accurate

question 21

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:

Generalize

To generalize means to form a broad conclusion or derive a common attribute from specific instances, observations, or experiences.

Sample

A subset of a population selected for measurement, observation, or questioning to provide statistical information about the population.

Negatively Correlated

Describes a relationship between two variables where as one variable increases, the other decreases.

Wealth

Wealth represents the abundance of valuable financial assets or physical possessions which can include money, real estate, and personal property, contributing to an individual's or group's financial security.