Asked by Cynthia Tyler on Jun 30, 2024
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Revenues flowing to the government from government-run or government-sponsored businesses, such as public utilities and state lotteries, are known as
A) proprietary income.
B) transfer payments.
C) tax revenue.
D) subsidies.
Proprietary Income
Income generated from the ownership of proprietary technology, information, or processes that gives a firm a competitive advantage.
Government-sponsored Businesses
Enterprises that are initiated and sometimes funded by the government but are operated under private ownership or public-private partnership.
Public Utilities
Essential services provided by both government and private sectors including water, electricity, and transportation.
- Understand the various sources of government revenue.
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Learning Objectives
- Understand the various sources of government revenue.
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