The table below uses data for the year 2003 provided by the Bureau of Labor Statistics and adjusted to be comparable to U.S.data.All values are in thousands.Fill in the blank entries in the table.
Definitions:
Excise Tax
A tax charged on specific goods and services, such as alcohol, tobacco, and gasoline, usually to discourage their use or generate revenue.
Equilibrium Price
The price in a competitive market at which the quantity demanded and the quantity supplied are equal, there is neither a shortage nor a surplus, and there is no tendency for price to rise or fall.
Federal Income Tax
Federal income tax is the tax levied by the national government on individuals and organizations' annual earnings.
Taxpayers
Individuals or entities obligated to pay taxes to governmental authorities.
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