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wrote...
Posts: 180
2 months ago

Question 1.

Over the past 40 years in the United States, federal revenues as a share of gross domestic product have

• risen steadily and now are about 40 percent.

• ranged between 17 and 19 percent.

• fallen below 10 because of rapid economic growth.

• been limited by law to no more than 20 percent.

Question 2.

The term "payroll taxes" is often used to refer to

• individual income taxes that are withheld from paychecks.

• corporate income taxes.

• Social Security and Medicare taxes.

• sales taxes.
Source  Download
Microeconomics
Edition: 7th
Authors:
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Answer verified by a subject expert
wrote...
Posts: 166
2 months ago
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Answer 1

ranged between 17 and 19 percent.

Answer 2

Social Security and Medicare taxes.
1
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