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 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Answer: (2) only 2
A decrease in tax to GDP ratio of a country indicates less equitable distribution of national income.
