In Most of the OECD Countries,the Government Spending as a Percentage

question 52

Multiple Choice

In most of the OECD countries,the government spending as a percentage of GDP between 2000 and 2016 ha s

• A)decreased.
• B)been stable.
• C)increased.
• D)been higher relative to 1987.

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Definitions:

Research and Development

Activities undertaken by a company to innovate and introduce new products or services, often categorized as an expense.

Interim Period

A span of time less than one fiscal year, but which typically consists of a quarter or a half year, used for financial reporting purposes.

Annual Tax Rate

The annual tax rate is the percentage at which an individual or corporation is taxed on their annual income.

Tax Expense

The total amount of taxes a company is obligated to pay to various governmental authorities, reflected in its financial statements.