Multiple Choice
As government debt increases,
A) Congress will reduce spending by an equal proportion.
B) the government must spend more revenue on interest payments.
C) a trade-off with government deficits is inevitable.
D) tax rates must rise to cover the deficit.
Correct Answer:
Verified
Correct Answer:
Verified
Q38: A person's tax liability refers to<br>A)the percentage
Q39: The single largest expenditure by state and
Q40: Which of the following programs is not
Q41: In the United States,the payroll tax is
Q42: The typical state spends the most on<br>A)education.<br>B)Medicare
Q44: In 2011,the federal government spent 9 percent
Q45: Which of the following contributes to the
Q46: The largest budgetary expense for a typical
Q47: Which of the following are taxed?<br>A)both corporate
Q86: As the economy's income has grown, the