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How much tax money from consumer goods goes to the government?
Wiki User
∙ 15y ago
All tax money (however you want to define it), from consumer goods (however you want to define it), goes to the or a government. Aee related question link below
Wiki User
∙ 15y ago
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What are the four factors of production and explain them?
Land: Consists of all useful materials found in the natural environment.Labor: The human effort that goes into producing the goods or services.Capital: Money used to buy tools and equipment used to produce goods or services.Political stability: the government is at balance
What are exceptional goods in economics?
Exceptional goods are those which do not follow Law of Demand which states that "as the price of a particular good goes up, its quantity demanded decreases". They are of three types- Inferior Goods- where quantity demanded goes down when the income of the consumer increases. eg. Cheap Rubber Shoes Giffen Goods is a case of inferior goods where quantity demanded goes up as price increases. eg staple food, rice wheat etc. Veblen Goods- quantity demanded increases with increase in price of the product. eg- designer goods, artifacts etc.
What happens to consumer and business spending when the interest rate goes up?
When the interest rate goes up consumer would prefer to hold less money and save more whereas business spending would face a halt since capital infusion becomes costlier.
Explain why tax revenue changes when the economy goes into a recession?
Tax revenue changes when the economy goes into a recession. When there is a recession, the government increases tax revenue. The government does this because less people are spending money.
Can anyone in America define capitalism?
A situation where private money and wealth is used in the production and sales of goods, where the profit goes back to private stockholders.
How does importing goods affect the amount of money in circulation?
When you import goods, you pay money to other countries. Less money remains in your country while more money goes to the foreign countries.
What does all of this money do?
well it goes to the government
Negative about monarchy?
he government must know what you are doing. When you are doing it. The government is watching you. Also, the government decides where the money goes. he government must know what you are doing. When you are doing it. The government is watching you. Also, the government decides where the money goes.
What are the four factors of production and explain them?
Land: Consists of all useful materials found in the natural environment.Labor: The human effort that goes into producing the goods or services.Capital: Money used to buy tools and equipment used to produce goods or services.Political stability: the government is at balance
How does the government use its tax money?
the government uses its money in percentages. A certain percent goes to the jails and prisons, a certain percent goes to public schools, and most of the rest goes to things such as interests, military and unemployment.
What percent of the money you earn goes to government?
As per Tax slabs defined by Income Tax Department the percentage of salary goes to Government.
What are exceptional goods in economics?
Exceptional goods are those which do not follow Law of Demand which states that "as the price of a particular good goes up, its quantity demanded decreases". They are of three types- Inferior Goods- where quantity demanded goes down when the income of the consumer increases. eg. Cheap Rubber Shoes Giffen Goods is a case of inferior goods where quantity demanded goes up as price increases. eg staple food, rice wheat etc. Veblen Goods- quantity demanded increases with increase in price of the product. eg- designer goods, artifacts etc.
Where does your tax money go?
It goes to the government, police stations, or fire departments.
What happens to consumer and business spending when the interest rate goes up?
When the interest rate goes up consumer would prefer to hold less money and save more whereas business spending would face a halt since capital infusion becomes costlier.
What happens during inflation?
Too much money chases too few goods. So the price of everything goes up.
How do you positively impact the US?
i postively impact them by spending money that way the money goes to the government through taxes and USA get it and does other things with that
When both houses approve a money bill then where does it go?
It goes to the government as part of your taxes down payment.
