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
1
Expert's answer
2015-08-30T12:13:35-0400
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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