Question

TRUE/FALSE. tax revenues automatically and the budget moves from deficit toward surplus as the economy moves toward a higher gdp.

Answer 1

Tax revenues automatically exceeds and the budget moves from deficit toward surplus as the economy moves toward a higher gdp.

What is tax revenue?

Revenues from taxes on income and profits, social security contributions, taxes on goods and services, payroll taxes, levies on the ownership and transfer of property, and other taxes are all considered to be taxes.

What are examples of tax revenue?

It provides a thorough analysis of the money received from many sources, including company tax, income tax, wealth tax, customs, union excise, services, taxes on Union Territories, such as land revenue and stamp registration, among others. Tax revenue includes both direct and indirect taxes that have been collected.

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