Higher rates of investment spending contribute most to higher levels of

Government expenditures are defined as

A) government spending on goods and services plus transfer payments. B) the excess of total expenditures over total revenues. C) the sum of all past borrowing by the government. D) the excess of total revenues over total expenditures.

The tax burden falls more heavily on the side of the market that is more inelastic

a. True b. False Indicate whether the statement is true or false