Please correct answer and don't use hand rating Assuming that the tax revenue of a country is 10,000 milliondollars, and the gross national product at cost is 250 thousandmillion dollars. The relative tax burden of that country is:2.5% 25 % 4% 40%

To find the relative tax burden (RTB) of this country, we simply need to divide its tax revenue by…

Answered: Assuming that the tax revenue of a…

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter12: The Public Sector

Section: Chapter Questions

Problem 8SQ

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Assuming that the tax revenue of a country is 10,000 million dollars, and the gross national product at cost is 250 thousand million dollars. The relative tax burden of that country is: 2.5% 25 % 4% 40%