Which of the following are not true pertaining to Wagner's Law of increasing state activities?
A. Wagner's Law is classified as a positive theory of public expenditure.
B. The public sector in industrializing nations grows as a proportion of total economic activity with the increase in per-capita income and output.
C. The proportionate increase in the public sector is not constant but increasing with the increase in total economic activity.
D. The law accounts for the effect of war on public expenditure.
E. Public expenditure tends to grow in a stepwise manner. Choose the most appropriate answer from the options given below:
Tap an option to check your answer.
