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Tax revenue is the income that the government gains through individuals paying their taxes. Non tax revenue is any other income the government gets that is not from individuals paying their taxes.
Wiki User
∙ 9y ago
Wiki User
∙ 12y agoA tax is a fee levied by the government on a product, income or activity.
Revenue has to do with companies and firms only. It is the money firms / companies make before taking out taxes and other expenses.
Generally, revenue - tax = profit is correct.
Wiki User
∙ 10y agoThe two items in this question are very dissimilar. The revenue a government collects from taxes and other sources of revenue is just that.. funds collected.
GDP which once was not used as much a GNP, is now more common. What GDP is is Gross Domestic Product and GNP is Gross National Product. The definition of GDP will in itself show the difference asked in the question.
The GDP of a nation is the monetary value of all the goods & services produced by a country in a set time such as 12 month period. When divided among the population of a country it gives a somewhat accurate picture of the standing of living in a particular country expressed many times in dollars.
Wiki User
∙ 11y agoBudget balance
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What does GDP gap measure the difference between?
GDP Gap measures the percent difference in Real and Potential GDP
If Revenue is 3.9 and GDP is 103.6 how do you get revenue as a percentage of GDP?
3.9/103.6*100.
What does the difference between these three countries' overall GDP rankings and per capita GDP rankings tell you?
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What is the difference between nominal and ppp GDP?
idk.weeoll is money.
Why is it desirable for a country to have a large GDP?
A large GDP indicates a higher revenue and increased production. Such GDP will boost or improve government expenditure and perhaps reduce taxation. Also in a well organized society or state, a large GDP can enhance economic activities resulting to growth.
The GDP gap measures the difference between?
nominal GDP and real GDP.
What does GDP gap measure the difference between?
GDP Gap measures the percent difference in Real and Potential GDP
If Revenue is 3.9 and GDP is 103.6 how do you get revenue as a percentage of GDP?
3.9/103.6*100.
What does the difference between these three countries' overall GDP rankings and per capita GDP rankings tell you?
/
Why is it desirable for a country to have a large GDP?
A large GDP indicates a higher revenue and increased production. Such GDP will boost or improve government expenditure and perhaps reduce taxation. Also in a well organized society or state, a large GDP can enhance economic activities resulting to growth.
What is the difference between nominal and ppp GDP?
idk.weeoll is money.
What was the UK's government budget in 2009?
The UK's Government Budget in 2009 was also known as the Building Britian's Future Budget. The Total Revenue was 29% of the 2008 GDP. The Total Expenditures was 40% of the 2008 GDP and the Deficit was 10.5% of the 2008 GDP. You can view full details to the UK 's 2009 Government Budget online at Wikipedia.
Difference between actual output and potential output of an economy?
Actual output is the "real" GDP ( gross domestic product). potential output is the targeted output set by the government. the difference between the actual and potential output is UNDEREMPLOYMENT!
What is the largest single source of the federal government revenue?
In the United States, it's Personal Income Tax.
What is the relation between fiscal deficit and GDP?
Fiscal Deficit relates to Public Finance wherein the Revenues of the Government from Taxes Investments etc is lesser than the expenditure of the Government. This means that the Expenditures of the Government is more than the revenue the Government gets and it is called fiscal deficit which is met by borrowing from Public or printing currency to meet the Deficit while the GROSS DOMESTIC PRODUCT means the total of goods and services produced by the Country in a year. These goods when valued in money it becomes National Income GDP = C+I+G+(X-M) C stands for consumption by private and Government and Investments private Investments and Government Investments and X stands for exports and M for Imports. The Deficit will affect GDP and if there is more deficit then the GDP will rise as the Government migh t have involved in Plan Expenditures and if it is Non-Plan Expenditure then it will affect the GDP as this expenditure will not bring benefits to the Country.
What are the components of GDP and the difference between real and nominal GDP?
GDP = Consumption + Investment + Govt. spending + net exports (exports - imports). Real GDP is the value of GDP shown in base period dollars, without the effects of inflation and price changes. Nomnal GDP is value of GDP adjusted for inflation.
What does total revenue minus the value of intermediate goods measures?
GDP
