Refer to the above diagram wherein T is tax revenues and G is government expenditures.All figures are in billions.The tax system of this economy is such that:
A)it is regressive.
B)it is progressive.
C)tax revenues equal 50 percent of GDP.
D)it tends to destabilize the economy.

Question

Refer to the above diagram wherein T is tax revenues and G is government expenditures.All figures are in billions.The tax system of this economy is such that:
A)it is regressive. 
B)it is progressive. 
C)tax revenues equal 50 percent of GDP. 
D)it tends to destabilize the economy.

Quizplus · Accepted Answer

The Answer of  Refer to the above diagram wherein T is tax revenues and G is government expenditures.All figures are in billions.The tax system of this economy is such that:
A)it is regressive. 
B)it is progressive. 
C)tax revenues equal 50 percent of GDP. 
D)it tends to destabilize the economy.

Refer to the Above Diagram Wherein T Is Tax Revenues