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Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050

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BuyFindarrow_forward

Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050
Textbook Problem

Over the past century, has the government's tax revenue grown more or less slowly than the rest of the economy?

To determine
The trend of government tax revenue over the past century.

Explanation

The government tax revenue has increased more rapidly than the rest part of the economy over the past century due to improvement in the efficiency of the tax rate...

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