Public Expenditures: Structure and Growth
from last week:
after the GDP increases, after a certain point, the growth becomes stable. Because, some goods and
services and become necessities rather than luxuries for developed countries so it doesn't count a
Reasons behind growth of government: why does per capita income increase.
What causes government growth? Since people are different, they have different preferences, all
government economy would not survive, and people would begin trading with one another