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Respond to the student.
Taquitta Townsend
3/10/23, 7:07 AM NEW
List 4 government services and the benefits they provide to you and your family. Try to put a monetary value on these benefits by thinking about what you would be willing to give up by not receiving them if they were not available.
Health and Human Services Department – HHS more than likely touches everyone’s life at one point or another. Agencies such as the CDC, public health, and refugee assistance are all housed in HHS.
Mail Services – Mail service in general is a much needed necessity and international mail even more. The world communicates and does business via the mail.
Food and Drug Administration – The FDA is in place to regulate the food we eat and the medications that are created and administered to the public.
What is the difference between government purchases and government transfer payments?
Government transfer payments are payments made for social security, welfare, taxes, among others. Government purchases is when the government procures good and services like road and infrastructure contractors.
List the major sources of tax revenue for the federal government. In what ways do taxes used by state and local governments differ from those used by the federal government?
Tax revenue comes from the American tax payer, businesses and corporations, customs fees among others.
What other sources finance government in addition to taxation?
Other sources of financing that supports the government are fees from bonds and other sources.
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