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Answer to Question #54330 in Macroeconomics for Akash

Question #54330
A decrease in tax to GDP ratio of a country indicates which of the following?
1. Slowing economic growth rate
2. Less equitable distribution of national income
Select the correct answer using the code given below.
(a) I only
(b) 2 only
(c) Both 1 and 2
(d) Neither I nor 2
Expert's answer
A decrease in tax to GDP ratio of a country indicates less equitable distribution of national income, because less taxes are collected to redistribute the national income, so the right answer is:
(b) 2 only

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