# data[].attributes.body
State governments raise revenue in a variety of ways.

Taxes, usually including sales taxes, income taxes, property taxes, and license fees, account for the majority of the general revenue of the 50 states.

Sales tax is imposed on items such as cars, electronics, household products, and other types of merchandise.

State income tax is tax levied on income at the state level.

Severance tax is a tax imposed by state for the extraction of nonrenewable natural resources.

# data[].attributes.body
Federal Reserve System, also known as the Fed, is the central banking system of the United States.

Created by Congress and operates independently.

When people or corporations need money, they borrow from a bank.

When banks need money, they borrow from the Fed.

Uses a variety of strategies aimed at keeping the inflation rate low while helping the economy produce enough jobs for everyone who wants to work.

# data[].attributes.body
Government can influence the economy in two main ways.

Fiscal policy involves using government spending and taxation to influence the economy.

Monetary policy involves controlling the supply of money and credit to influence the economy.

U.S. monetary policy is exercised by the Federal Reserve System which is an independent agency of the federal government.

# data[].attributes.body
Can be difficult to know whether the overall economy is healthy or faltering from each individual person’s perspective.

To get a sense of how things are going, government officials and the public refer to a variety of economic indicators.
-Market conditions, reports, or figures that give information about how the economy is performing.

Include things like stock market indices, reports about employment levels, surveys about how consumers feel about the economy, information about construction and purchase of homes, reports on changing prices for goods and services, and more.

# data[].attributes.body
Politicians often set out economic plans, which are actions they want to take to improve some sector of the economy.

Many ways that federal government actions influence the economy.
-What programs money is spent on.
-How revenue is raised and taxes are assessed.
-How much debt is carried and how much money and credit is available to borrowers.

Many Americans disagree on what role the government should play in managing the economy.