Discussion
The levying of taxes is which function of the budget?
Answer: B
The levying of taxes is a function of the budget that serves redistribution: progressive taxes take more from the rich and spending on the poor gives them more, so the budget alters the distribution of income. Stabilisation concerns the control of inflation and unemployment, and growth concerns raising output. The key gives redistribution, option B. The other functions are the expenditure side, which deals with allocation and stabilisation.
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