Which of the Following Statements Is Correct

question 83

Multiple Choice

Which of the following statements is correct?

• A)National defense and health are the two largest spending categories for the federal government.
• B)Welfare programs and highways are the two largest spending categories for state and local governments.
• C)Sales taxes and property taxes are the two most important revenue sources for state and local governments.
• D)Corporate income taxes are the largest source of revenue for the federal government.

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Definitions:

Standard Census

A government-enumerated survey conducted at regular intervals that collects comprehensive demographic, social, and economic data about the population.

Income Distribution

Describes how a country's total GDP is spread amongst its population, affecting wealth disparity and economic stability.

Lifetime Distribution

The distribution of a certain attribute, such as income or wealth, over the lifespan of an individual or system.

Gini Ratios

A measure of income inequality within a population, ranging from 0 (complete equality) to 1 (complete inequality).