Examlex
Write as a single logarithm with a coefficient of 1. Assume all variable expressions represent positive real numbers.
Tax
A compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
Deadweight Loss
An economic inefficiency arising when a good or service fails to meet its free market equilibrium point.
Taxes
Mandatory payments made to the government, taken from individuals' earnings and the profits of businesses, or incorporated into the price of certain products, services, and financial dealings.
Budget Deficit
The financial situation in which a governing body's expenditures exceed its revenues within a given fiscal period, leading to borrowing or debt accumulation.
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