
Which of the following statements is false?
A) industrial countries all have progressive federal income tax systems.
B) Fiscal policy and the role of government in the economy can be very different across countries.
C) Government has played an increasingly larger role in the major industrial countries over time.
D) In the 1990s, government spending began to grow faster than revenues, creating larger debts for national governments.
E) In some developing countries, government spending is a smaller percentage of GDP today than it was 20 years ago.
Correct Answer:
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