In the Late 1990s, the More Than Expected Increases in Tax

question 199

Multiple Choice

In the late 1990s, the more than expected increases in tax revenues were the result of

• A)rapid economic growth.
• B)rapid increases in the national debt.
• C)rising rates of inflation, and therefore, nominal incomes.
• D)rising balance of trade surpluses and the import duties they generated.

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