Question

1.  The __________ Sector of an Economy is the resource allocation by government including city, county, state,...

1.  The __________ Sector of an Economy is the resource allocation by government including city, county, state, and federal areas.

a. Foreign

b. International

c. Public

d. Private

2. True or False? Tax revenues in the U.S. (as a percentage of GDP) are high compared to other nations of the world.

Business   Economics   
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Answer #1

ANSWER1= C ( PUBLIC) as it is the only sector inclucding resource allocation of the government

ANSWER2=

That is generally true, though many businesses end up paying far less than the statutory rate.

but this is the truth behind it The U.S. has the highest top corporate tax rate at least among advanced economies. Compared with nations in the OECD — the Organization for Economic Cooperation and Development, a group of highly developed countries — the U.S. has the highest top corporate tax rate in the world. The top corporate tax rate in the U.S., a combination of federal and state and local taxes, is nearly 39 percent this year. That's well above most other OECD nations

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