Analysts who look at fiscal activity in advanced industrialized countries in the postwar period find that there is very little cross-national variation in the level of fiscal activity.

Question

Quizplus · Accepted Answer

While there is certainly some convergence in fiscal activity among advanced industrialized countries over time, there is still significant cross-national variation in the level of fiscal activity. Factors such as political ideology, economic challenges, and historical legacies can all influence the size and scope of government spending and taxation in different countries.

Analysts Who Look at Fiscal Activity in Advanced Industrialized Countries