With Respect to Local Finance,it Is Correct to Say That

question 26

Multiple Choice

With respect to local finance,it is correct to say that

• A)Sales and excise taxes are the major source of revenue and highway construction and maintenance the major type of expenditure.
• B)Property taxes are the basic source of revenue and education the major type of expenditure.
• C)The corporate income tax is the major source of revenue and natural resource development the major type of expenditure.
• D)Estate and gift taxes are the major source of revenue and most expenditures are for hospitals and health services.

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Definitions:

Unemployed People

Individuals who are capable of working and actively seeking employment but are unable to find a job.

Unemployment Insurance

A government program that provides financial assistance to individuals who are unemployed through no fault of their own, offering temporary financial support while they look for new employment.

Post World War II

The period after the end of World War II, generally considered to have started in 1945, marked by significant social, political, and economic changes globally.

Stagflation

A condition of slow economic growth and relatively high unemployment accompanied by rising prices, or inflation.