The major objective of a revenue allocation formula in a country is to

The major objective of a revenue allocation formula in a country is to share revenue between the different tiers of government. Revenue allocation refers to the process of distributing revenue generated by the government among its different levels and units. This revenue may come from various sources, such as taxes, royalties, or other fees. The major objective of a revenue allocation formula is to ensure that revenue is distributed in a fair and equitable manner between the different tiers of government, such as the federal, state, and local governments. This is important because it helps to ensure that each level of government has the resources needed to carry out its responsibilities and provide essential services to its citizens. Revenue allocation formulas are often based on a range of factors, such as population, land area, or revenue-generating capacity. These formulas help to ensure that revenue is distributed in a way that reflects the needs and capacities of each region or unit. Therefore, option A, sharing revenue between the different tiers of government, is the correct answer.