Property taxes are Multiple Choice coliected primarily at the Federal level the largest source of tax revenue for local governments the primary source of Federol revenue sharing funds. used primarly by states to finatce state weifare progrents A budget surplus means that Multiple Choice government expenditures ore greator than revenues in o glvert yeat government revenues ore gre ofer than expenditures in a otven yest a netich's exponts ere grester then its impons A nationit imports are greoter this is exporth The accompanying table gives budget information for a hypothetica economy. Assume that all budget surpluses are used to pay down the public debt What is the national debt at the end of Year 6 ? Multiple Choice Multiple Choice $65 billion $3,240 billion $3,175 billion $20 billion.

1. Property taxes are Multiple Choice coliected primarily at the Federal level the largest source of
tax revenue for local governments the primary source of Federol revenue sharing funds. used
primarly by states to finatce state weifare progrents
A budget surplus means that Multiple Choice government expenditures ore greator than revenues
in o glvert yeat government revenues ore gre ofer than expenditures in a otven yest a netich's
exponts ere grester then its impons A nationit imports are greoter this is exporth
The accompanying table gives budget information for a hypothetica economy. Assume that all
budget surpluses are used to pay down the public debt What is the national debt at the end of
Year 6 ? Multiple Choice
Multiple Choice $65 billion $3,240 billion $3,175 billion $20 billion