Households and firms pay taxes to the government to: a. increase their consumption spending. b. finance the country’s import bill. c. increase their savings. d. improve their standard of living. e. finance government expenditures.

Households and firms pay taxes to the government to:

a. increase their consumption spending.
b. finance the country’s import bill.
c. increase their savings.
d. improve their standard of living.
e. finance government expenditures.

 

 

Answer:

option E

Explanation: taxes are a source of income for the government in order to generate income for its expenditures.

Asked on February 14, 2018 in economics.
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