Examlex
Which of the following is a widely-used and closely-watched forecasting tool concerning the future direction of the macro-economy?
Tax Rate Structure
The framework defining how tax rates progress based on variables such as income level, value of property, or volume of transaction.
Proportional Tax
A tax system where the tax rate remains constant regardless of the amount of the taxable income or goods.
Average Tax Rate
The fraction of total income that is paid in taxes.
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