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What is the difference between government revenue and GDP?

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.


What resources does Mexico have that add to their economy?

All of them do; however in terms of revenue from exports, oil is the most important among them.


What economic system has the government redistribute wealth based on need?

The economic system in which the government redistributes wealth based on need is known as socialism. In socialism, the state often intervenes in the economy to ensure that resources and wealth are distributed more equitably among the population, aiming to reduce inequality and provide essential services to all. This can involve taxation, social welfare programs, and public ownership of key industries. While socialism emphasizes collective well-being, its implementation can vary widely, influencing the degree of government involvement in the economy.


Why does the federal government attempt to preserve competition among business enterprise?

competition law!


What is the difference among fiscal deficit budget deficit revenue deficit and trade deficit?

fiscal deficit: not enough money budget deficit: not as much money as you had planned to have in your budget revenue deficit: not enough money coming in trade deficit: you are spending more money on imports than the amount of money which you receive for your exports.

Related Questions

How was the revenue resources distributed among the ruling class through iqta system during sultanate period?

In the iqta system during the Sultanate period, revenue resources were distributed among the ruling class by granting them tax farms (iqtas) in exchange for military service. The holders of these iqtas collected taxes from the lands under their control and kept a portion as revenue, while sending the rest to the central government. This system helped strengthen the military and political control of the ruling class over various regions.


Is Mexico limited of unlimited?

Mexico has a limited government, as the power is distributed among the executive, legislative and judiciary.


What is distributed leadership?

when leadership is distributed among top managers of a company


Power is distributed among many different elites and many government institutions and no one elite or institution ever dominates government is said by?

James Madison and other pluralists


A socialist form of government is where the goods and services are equally shared and the political power is distributed among the people?

no its not true Yes, it's true.


Is socialist a form of government where the goods and services are equally shared and the political power is distributed among the people?

no its not true Yes, it's true.


How is power distributed in a theocracy?

Among priests.


How does the government set up a budget?

A government budget starts with the projection of sources and amounts of revenue and allocates the potential receipts among projects and legislatively mandated programs based on projected needs and public pressure.


How natural resources distributed throughout the world?

Natural Resources are distributed evenly among all nations


Which among the following is the only revenue generating element among the 4ps of marketing?

Price


What does local government receive from state government?

The state government provides a framework for municipal governments. Chief among the things provided by the state government are monies distributed through grants. Also, the state legislatures enact statutes which allow municipalities to create their own ordinances.


Are oil distributed equally among the countries of southwest Asia?

no