Examlex
What factors must be taken into account in order to fully understand the effect of taxes on economic wellbeing?
Lowest Quintile
Refers to the bottom 20% of a population sorted by income or wealth.
Total Income
The sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings received by individuals or businesses in a given period.
1968
A year marked by significant global events, including political protests, movements for civil rights, and major shifts in culture.
2008
Refers to the year marked by significant global events, including the financial crisis that led to a severe recession in many countries.
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