Examlex
What is the name of the method of farming in which small patches of land are cleared, often by burning the vegetation, so as to produce fertile soil in the wet tropics?
Marginal Tax Rate
The rate at which the last dollar of income is taxed, reflecting the percentage of tax paid on any additional dollar earned.
Average Tax Rate
The ratio of the total amount of taxes paid to the total income of the taxpayer, indicating the burden of taxation.
Federal Personal Income Tax
A tax levied by the federal government on individuals’ earnings, varying in rate based on income level.
Government Purchases
Expenditures made by the government for goods and services that directly satisfy the needs of the community or are used to provide public services.
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