Examlex
Determine the validity of the argument.
-All businessmen wear suits. Aaron wears suits.
Therefore Aaron is a businessman.
Saving Rate
The portion of income that is not spent on consumption but rather saved or invested.
Double Taxation
The imposition of taxes on the same income, assets, or financial transaction at two different levels of government, such as corporate income being taxed both to the corporation and to the shareholders when distributed as dividends.
Economic Growth
A rise in the production of goods and services per capita over a certain time frame.
Saving Rate
The proportion of income that is not spent on consumption but is instead saved by individuals or entities.
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