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A Decrease in Tax to GDP Ratio of a Country Indicated 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

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2
Monis Rasool Professor Asked on 26th August 2015 in Economics.
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    • 1 Answer(s)

    Answer: (2) only 2
    A decrease in tax to GDP ratio of a country indicates less equitable distribution of national income.

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    Anurag Mishra Professor Answered on 26th August 2015.
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