Exam 16: Appendix: Government Spending and Taxation

During the last 15 years, what has happened to the marginal tax rates imposed on high-income taxpayers and the personal income tax revenues collected from them?

Among the 23 long-standing members of the Organization for Economic Cooperation and Development (OECD), the highest rates of economic growth during recent decades have been achieved by

Compared to 1980, the top marginal federal income tax rate today is

In 1960, more than half (52 percent) of federal expenditures were for national defense. In 2003, national defense accounted for approximately

For the first time in almost a century,

Compared to the situation prior to 1980, the top marginal personal income tax rate imposed on the rich is now substantially

Which of the following countries had the highest level of government expenditures as a share of GDP in 2007?

What percentage of Americans age 18 and over paid personal income taxes in 2009?

Which of the following correctly expresses the relationship between the size of government and economic growth?

As real incomes grow, what happens to federal tax revenues as a share of the economy?

Which of the following most clearly distinguishes government from a private business?

What percentage of federal spending was financed by borrowing during 2009-2010?

Which of the following most clearly distinguishes government from a private business?

(I) Sales taxes, income taxes, property taxes, and grants from higher levels of government are the major sources of state and local revenue in the United States. (II) Including both the excess burden and administration, enforcement, and compliance costs of taxes in the United States, $1 in taxes to the government imposes a cost of somewhere between $1.20 and $1.30 on the economy.

In 1960, spending on income transfers and health care accounted for 21.5 percent of the federal budget. In 2010, these two items accounted for

Based on estimates from the U.S. Treasury Department, the federal tax structure is

What percentage of the total government expenditures of the United States is undertaken at the federal level?

How has the structure of the personal income tax changed and the share of taxes paid by various income groups changed in recent decades?

Total government spending (federal, state, and local) sums to approximately