During the process of economic development, the share of public expenditure to Gross Domestic Product tends to expand. This is called: | Faculties

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Vijay Sangwan

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Q. During the process of economic development, the share of public expenditure to Gross Domestic Product tends to expand. This is called:

(A) wagner’s law
(B) keynes law
(C) adam smith’s theory
(D) brettonwoods law

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✅ Correct Answer: (A) wagner’s law

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