Economics · Public Finance
Which economist classified public expenditure into two categories based on the effect on income and economic capability, known as 'Grants' and 'Purchase Projects'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Adolph Wagner
- 2Arthur Cecil Pigou
- 3Hugh Dalton✓
- 4Adam Smith
Correct answer
Hugh Dalton
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