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 natio

Question

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
Select the correct answer using the codes given below.

Accepted Answer

(A) 1 only

Answer

(B) 2 only

Answer

(C) Both 1 and 2

Answer

(D) Neither 1 nor 2