Asked by
Panda Shiro
on Oct 13, 2024Verified
Which country from the following provides its government with the same percent of its GDP in taxes as the U.S.?
A) Germany
B) Britain
C) Italy
D) France
E) None of the choices
GDP
Gross Domestic Product, or GDP, is the sum of all goods and services produced inside a nation's boundaries during a certain time frame, serving as a comprehensive indicator of economic performance.
Taxes
Compulsory financial dues or another form of tax applied to an individual by a government entity to support government finances and assorted public outlays.
Country
A separate geographical area or political unit acknowledged as a sovereign state.
- Determine the main sources of income for state and federal governments.
Verified Answer
JG
Learning Objectives
- Determine the main sources of income for state and federal governments.