14. An increase in the tax expenditure in the economy may lead to:
(a) Increase in the Tax-to-GDP ratio.
(b) Decrease in indirect subsidies given by the government.
(c) increase in personal disposable income.
(d) Decrease in public debt.
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An increase in the tax expenditure in the economy may lead to: (a) Increase in the Tax-to-GDP ratio. (b) Decrease in indirect subsidies given by the government. (c) increase in personal disposable income. (d) Decrease in public debt.
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Answered by
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Answer:
Decrease in indirect subsidies given by the government
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