5. Which one of the following statements regarding the taxes and spending of state and local governments

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5. Which one of the following statements regarding the taxes and spending of state and local governments is true?

a. State and local governments collect more tax revenue than the federal government.

b. The greatest expenditure of state and local governments is on education.

c. Corporate income taxes are a greater source of tax revenue to state and local governments than individual income taxes.

d. The greatest source of tax revenue to state and local governments is property taxes.

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Study Guide For N. Gregory Mankiw's Principles Of Microeconomics

ISBN: 9783030019983

5th Edition

Authors: David R. Hakes

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Question Posted: Nov 15, 2024 01:00 AM

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5. Which one of the following statements regarding the taxes and spending of state and local governments

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Study Guide For N. Gregory Mankiw's Principles Of Microeconomics

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