High income countries with larger governments as a share of GDP have generally
a. grown less rapidly than their counterparts with smaller governments.
b. experienced less deadweight losses resulting from taxes and/or government borrowing.
c. seen the government decrease in size as real GDP rises.
d. been able to be more economically efficient.
A
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Which of the following is true regarding demand?
i. Demand is the relationship between quantity demanded and the price of a good when all other influences on buying plans remain the same. ii. Demand refers to one quantity at one time. iii. "Demand" and "quantity demanded" are the same thing. A) i only B) both i and ii C) iii only D) ii only E) both ii and iii
In the following situation the tax system is Taxable income $1,000 $3,000 $9,000 $27,000 Taxes $100 $200 $400 $800
a. progressive through all levels of income b. proportional throughout all levels of income c. regressive throughout all levels of income d. based on the benefits-received principle e. there is insufficient information to answer the question