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In the year following the victory of Mao Zedong's forces over the Nationalist Chinese, the People's Republic of China __________________.
Tax Revenue
Tax revenue represents the income that a government receives from taxing individuals and businesses within its jurisdiction.
Equilibrium Quantity
The quantity of goods or services that is supplied and demanded at the equilibrium price, where supply equals demand in a market.
Price
Price is the amount of money expected, required, or given in payment for something.
Tax
A compulsory financial charge imposed by a government on individuals or entities to fund government spending and public expenditures.
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