What is net tax revenue? Select one: A. It is the total of all taxes collected...

What is net tax revenue?

Select one:

A. It is the total of all taxes collected by government less spending by government on goods and services.

B. It is the total of all taxes collected by government less transfer payments.

C. It is the total of all taxes collected by government plus transfer payments.

D. It is the total of all taxes collected by the government.

Expert Solution

Answer : (b)

The gross tax revenue total collection of government in form of direct and indirect taxes. Further, other transfer payments are reduced to reach the net tax revenue.

Rahul Sunny answered 2 years ago

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