The chapter discussed how different governments raise revenue. To see how the U.S. government raises its revenue, take a look at
consolidated financial statements of the U.S. government. Of particular interest is the "Consolidated Statement of Operations for the Year Ended September 30". Use the information in the table to do the following:
Questions
- For the most recent year in the table, find the percentage of total government revenue accounted for by each revenue source.
- Make a table that has revenue sources ranked from largest to smallest and by each source, give its percentage of total government revenue.
- Compare your data for the United States to the data in Figure 9 for all industrial countries. What are the major differences?