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Which tax is levied on a specific product like gas?
Individual income tax
the federal government
excise tax
producers
consumer
burden
local governments
recession
What is it called when GDP is down for 2 consecutive quarters (6 months)?
Individual income tax
the federal government
excise tax
producers
consumer
burden
local governments
recession
What does incidence of tax mean?
Individual income tax
the federal government
excise tax
producers
consumer
burden
local governments
recession
Which of the following is the single largest source of federal revenue?
Individual income tax
the federal government
excise tax
producers
consumer
burden
local governments
recession
Where do states get most of their intergovernmental revenue fund from?
Individual income tax
the federal government
excise tax
producers
consumer
burden
local governments
recession
If a good is inelastic it easier to shift the incidence to the ___________________
Individual income tax
the federal government
excise tax
producers
consumer
burden
local governments
recession
What do state governments spend the most on?
Individual income tax
the federal government
excise tax
producers
consumer
burden
local governments
recession
Which of the following groups does supply-side policy target through stimulation?
Individual income tax
the federal government
excise tax
producers
consumer
burden
local governments
recession
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