A decrease in tax to GDP ratio of a country indicates which of the following?
1. Slowing economic growth rate.
2. Less equitable distribution of national chrome.
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There has been a persistent deficit budget year after year. Which of the following actions can be taken by the government to reduce the deficit?

$1$. Reducing revenue expenditure.

$2$. Introducing new welfare schemes.

$3$. Rationalizing subsidies.

$4$. Expanding industries.

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