1.) What are the three main goals the government seeks to achieve for the economy through...
1.) What are the three main goals the government seeks to achieve for the economy through the use of fiscal policy?
2.) What are the three largest sources of revenue for the US government? Which source is the largest? What are the three categories of government outlays? Which is the largest?
Homework Answers
The three main goals government seek to achieve through the use of fiscal policy are to keep the prices stable, reach a high sustained economic growth and maintain full employment in economy. Government achieve these goals but altering the expenditure and taxes.
The three largest sources of revenue for US government are :income taxes ,payroll taxes and the corporate income tax. The largest source is the individual income tax. The three categories of government outlays are discretionary spending , mandatory spending and interest on debts.The largest one is the mandatory spending.
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