Examlex
Which of the following is NOT true of macro names?
Minimum Standard
The lowest level of quality, performance, or subsistence considered acceptable by regulatory bodies or society.
Income Inequality
The unequal distribution of income among individuals or households within a population.
Goods And Services
The physical items (goods) and activities or benefits (services) that fulfill consumer needs and wants.
Progressive Tax
At the individual level, a tax whose average tax rate increases as the taxpayer’s income increases. At the national level, a tax for which the average tax rate (= tax revenue/GDP) rises with GDP.
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