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15 questions from this quiz
Use of government spending & tax to influence
Individual's income or wealth
Passed on to consumers via higher prices
Increases as taxable amount increases
Can increase income inequality
Tax rate remains constant
Expenditures exceed revenue
Day-to-day operations & services
Tax revenue rises, welfare spending falls
Money borrowed from domestic lenders
Deliberate legislative changes made
Unemployment benefits & progressive tax
Government borrowing raises interest rates
Tax rates & tax revenue relationship
Total TaxTotal Income×100\frac{\text{Total Tax}}{\text{Total Income}} \times 100Total IncomeTotal Tax×100
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