During the process of economic development, the share of public expenditure to Gross Domestic Product tends to expand. This is called:

Related MCQs

• The principle of public expenditure that requires that Government should avoid shortfall of revenue in comparison with its expenditure is termed as
• According to Wiseman and peacock, public expenditure will increase in a
• Concept of concentration and displacement effect in public expenditure are attributed to
• An empirical law to the effect of growing public expenditure was propounded by
• Pure theory of public expenditure is based on ..............
• Peacock and Wiseman Hypothesis on public expenditure consists of three concepts which are:
• Who deals with income and expenditure of public authorities?
• According to Peackock Wiseman hypothesis, A discontinuity in the growth pattern which produces expenditure peak during social disturbances is referred to as:
• The movement from older level of expenditure and taxation to a new and higher level is called
• When expenditure exceeds total tax revenue, it is called: