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Tax policy includes a variety of methods used to increase revenues. Explain the variables of taxation noted by
b. Guy Peters (2006).
GDP
Gross Domestic Product, the total value of all goods and services produced within a country's borders in a specific time period.
Living Standards
The level of wealth, comfort, material goods and necessities available to a certain socioeconomic class or geographic area.
Annual Interest Rate
The percentage that is applied to a sum of money, including loans or savings, indicating the amount earned or paid over a year.
Interest Rates
The cost of borrowing money or the return for investing money, usually expressed as a percentage of the principal amount.
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Q56: _ is probably the criterion most likely