Which of the following is the measure of the wealth of a state or its ability to raise revenues relative to all other states?

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Business

Denise Maldonado

8 February, 18:24

Which of the following is the measure of the wealth of a state or its ability to raise revenues relative to all other states?

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Answers (1)

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Avah Carey · Answer 1

The measures are fines, tax, fees, donations.

Explanation:

There are many ways of state government to raise taxes, they are fines, taxes, fees, donations.

Fines : The payment which government receive from law breakers or those who harm any government property are called fines.

Fees : Fees are those which people pay to government to get their work done.

Taxes : Taxes are those payment which people has to pay to government. There are different kind of taxes like progressive and regressive tax, direct and indirect tax and value added and specific tax.

Donations : These are those payment which government receive from other state government.