Answer
The government's tax revenue has grown faster than the rest of the economy.
Work Step by Step
As personal consumption increases, the government collects even more revenue.
Principles of Economics, 7th Edition
by Mankiw, N. Gregory
Published by
South-Western College
ISBN 10:
128516587X
ISBN 13:
978-1-28516-587-5
Chapter 12 - Part IV - The Design of the Tax System - Questions for Review - Page 253: 1
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