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With the help of the 'Summarizing the national accounts' figure, that we have in the Economic book. There are sections with GDP, GNP, income, indirect
With the help of the 'Summarizing the national accounts' figure, that we have in the Economic book. There are sections with GDP, GNP, income, indirect taxes and so on. (like a diagram)
My question is; It is the year 2060. Nation states have been abolished and there is a world government whose spending is entirely financed by income tax. How does the diagram below have to be amended?
I do not understand the question and what to do..
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