Examlex
MATCHING
Match the description with the most closely associated term.
-Binal
Marginal Tax Rate
The rate of tax applied to the last dollar of income, reflecting the tax bracket into which the incremental income falls.
Average Tax Rate
The Average Tax Rate is the proportion of the total taxable income paid as taxes, calculated by dividing the total amount of taxes paid by the total income.
Defense Spending
Government expenditure on military and defense-related activities, including salaries, equipment, research, and development.
National Debt
The total fiscal debt amassed by a country's government, sourced through a variety of methods.
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