Answer to Question #113475 in Macroeconomics for Ayanda

Question

Which of the following statements is/are correct?

a) Peacock and Wiseman agrees with Wagner that a country undergoing industrialisation will experience an expansion in administrative and protection services.
b) According to Wagner demand for certain public goods and services would increase as individuals become more affluent.
c) Wagner's law explains public expenditure growth in South Africa adequately.
d) Micro models focus on the decision-making behavior of public individuals and institutions.

Answer 1

d