Examlex
Which of the following was a new finding from Lareau's analysis of the PSID-CDS data?
Purchasing Power
A currency's value determined by the volume of goods or services that can be bought with one monetary unit.
Federal Budget
The annual financial statement presenting the government's proposed revenues and spending for a fiscal year.
Tax Burden
The total amount of taxes that individuals, businesses, or other entities are required to pay, often expressed as a percentage of income or GDP.
Direct Taxes
Taxes that are paid directly to the government by the taxpayer, such as income tax and property tax.
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