The ratio of change in the national income in relation to the change in government spending that causes it is referred to as:

Related MCQs

• All type of income received to government is called .............. income.
• If with the increase in income, the percentage of income collected as tax remains constant, tax will be called
• The tax levied by the union government on income of individuals is known as
• What is the biggest source of Income for the Central Government in the Union Budget 2020-21?
• A multilevel decentralized fiscal system involving sharing of fiscal responsibilities between central, state and local governments is referred to as:
• The system of assigning the source of revenue to the Central as well as State Governments is generally referred to as
• According to Peackock Wiseman hypothesis, A discontinuity in the growth pattern which produces expenditure peak during social disturbances is referred to as:
• In a free market economy, self-interested individuals operate through a system of mutual interdependence to promote the general benefit of society at large. Adam Smith referred this as:
• A progressive income tax implies that
• With a regressive tax, as income