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Receipts from taxes

Why are receipts from taxes classified as revenue receipts?

Answer: Receipts from taxes are classified as revenue receipts since they do not build liabilities nor reduction in the assets.

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    Q : Value of MPC Why can be value of MPC be

    Why can be value of MPC be not more than one? Answer: The value of MPC will not be more than one since increment in consumption (ΔC) can’t be more than