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Technology spillover is one type of
Marginal Tax Rate
The percentage of tax applied to your income for each additional dollar of income.
Average Tax Rate
The proportion of total income that is paid in taxes, calculated by dividing the total taxes paid by the total income.
Income
Cash inflow, regularly obtained, as compensation for work or earnings from invested capital.
Average Tax Rate
The average tax rate is the proportion of total taxable income paid in taxes, calculated by dividing the total tax paid by the total income.
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Q372: Refer to Figure 10-19.Note that the lines