Recently,Greece underwent an economic crisis.While there are numerous factors that contributed to the crisis,one problem is Greece's tax system,which is very complicated.As a result,numerous Greeks simply choose not to pay their taxes.How would this situation affect Greece's economic growth?

Question

Quizplus · Accepted Answer

If a large number of Greeks are not paying their taxes, then the government would have less money to invest in public services, infrastructure, and other areas that can stimulate economic growth. Without sufficient tax revenue, the government would also have to rely on borrowing, which can lead to a debt crisis like the one Greece experienced. Thus, a lack of an efficient tax system would harm Greece's economy.

Recently,Greece Underwent an Economic Crisis