docx, 16.11 KB
docx, 16.11 KB

The notes cover the government sector of a nation’s economy and its role in shaping the economy. It started with brief history of the US government’s role in the economy and its duty to the economy. Other subject covered are; Local Government Spending, Government Purchases, Transfer Payments, Average Tax Rate, Marginal Tax Rate, Types of taxes, Personal Income Tax, Payroll Tax, Corporate Income Tax, Excise Taxes, Estate Tax, Adam Smith’s economics, social security and US Medicare.

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