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Which of the following is true of the triple constraint in projects?
Federal Personal Income Tax
A tax levied by the federal government on individuals’ earnings, varying in rate based on income level.
Government Purchases
Expenditures made by the government for goods and services that directly satisfy the needs of the community or are used to provide public services.
Transfer Payments
These are payments made by the government to individuals, without the government receiving any goods or services in return, such as welfare or social security.
Resources
Assets, materials, or inputs used in the production of goods and services.
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