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Which of the Following Factors Is NOT Necessary for Convergence

question 155

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Which of the following factors is NOT necessary for convergence between two countries?


Definitions:

Property Tax

A tax on the value of property, such as the value of a home.

Personal Taxes

Taxes levied on the income or property of individuals.

Personal Income

The total earnings of an individual from all sources before taxes, including wages, dividends, interest, and rents.

Federal Government

the national government of a federal state, which shares power with regional or state governments under a system of federalism.

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