Because of Iceland's tax holiday in 1987,
A)GDP for that year decreased by 4 percent, and total work hours fell by 8 percent.
B)GDP for that year decreased by 6 percent, and total work hours fell by 4 percent.
C)GDP for that year increased by 4 percent, and total work hours increased by 3 percent.
D)GDP for that year increased by 8 percent, and total work hours increased by 6 percent.

Question

Quizplus · Accepted Answer

The tax holiday in Iceland in 1987 led to an increase in GDP by 4 percent and an increase in total work hours by 3 percent.

Because of Iceland's Tax Holiday in 1987