Graded Assignment Back to Assignment Attempts Score 1 50 Ch

Graded Assignment | Back to Assignment Attempts Score: /1 50. Chapter ma2pe08r, Section .121, Problem 005 ID: 005.12.1 - MC-MANKOs) Which of the following countries has lower total government tax revenue as a percentage of GDP than the United States? O a. Canada O b. Germany O c. Sweden O d. Mexico

Solution

Answer: Option D. Mexico.

Explanation: The total government tax revenue as a percentage of GDP in the USA is 26%. Following are the government tax revenue as a percentage of GDP in the countries mentioned in the options:

Canada - 39.8%

Germany - 44.5%

Sweden - 49.8

Mexico - 23.7

So, only Mexico has a lower government tax revenue as a percentage of GDP than the USA.