Explain with reference to the laffer curve concept

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According to Hauser's Law, what is the average federal government tax take, in percent of GDP terms? Does federal revenue as a percent of GDP change with changes in tax rates? Explain with reference to the Laffer Curve concept.

Reference no: EM13154470

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Explain with reference to the laffer curve concept : Does federal revenue as a percent of GDP change with changes in tax rates? Explain with reference to the Laffer Curve concept.

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