Economics · Public Finance
Consider the following statements regarding Wagner's Law of increasing state activity: 1. Government expenditure increases continuously as economic development occurs. 2. Public demand for social services and welfare increases with rising per capita income. 3. Industrialization expands the regulatory and administrative role of the government. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3✓
- 22 and 3 only
- 31 and 3 only
- 41 and 2 only
Correct answer
1, 2 and 3
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