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Personal Income Tax
Tax imposed on individuals based on their income, including wages, salaries, and investment income.
Trade Deficit
A condition in which a nation's expenditures on imported goods and services surpass its income from exports, leading to a trade deficit.
Trade Deficit
A situation that occurs when a country's imports of goods and services exceed its exports.
Merchandise Balance
The difference in value between a country's imports and exports of goods.
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