Examlex
Complete the following medical terms from their meanings.
-Sugar: __________
Average Tax Rate
Total tax paid divided by total taxable income or some other base (such as total income) against which to compare the amount of tax paid. Expressed as a percentage.
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.
Exhaustive Governmental Outlay
Total government spending on goods and services that are directly consumed or invested, excluding transfer payments such as subsidies or social security benefits.
Subsidy Check
A government grant paid to individuals, businesses, or other entities as financial support to encourage or maintain economic activities deemed beneficial.
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