In Which of the Following Countries Are Taxes (Measured as a Percentage

question 27

Multiple Choice

In which of the following countries are taxes (measured as a percentage of GDP) the lowest?

• A) Germany.
• B) France.
• C) Sweden.
• D) The United States.

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Definitions:

European Union

A political and economic union of 27 member states located primarily in Europe, committed to regional integration through common laws and policies.

Euro

The official currency of the Eurozone, used by 19 of the 27 European Union countries.

Globalization

The increasing interconnectedness and interdependence of the world's markets and businesses, facilitated by advancements in transportation, communication, and technology.

Tax Bases

The total amount of assets or income that can be taxed by a government, forming the foundation for calculating tax liabilities.