The primary way the government raises revenue is through: A. Taxes and borrowing
B. Selling public property
C. Fines for law violations
D. Charging a fee for a license
The primary way the government raises revenue is through:
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The correct answer is A. Taxes and borrowing.
Explanation: The primary source of revenue for governments typically comes from taxes, which include income tax, sales tax, property tax, and various other taxes imposed on individuals and businesses. Borrowing, such as issuing bonds, is another way governments finance operations, especially when expenditures exceed current tax revenues. Selling public property, fines, and license fees contribute to revenue but are not the primary methods.