Examlex
Which of the following items is NOT included in GDP?
Progressive Tax
A tax system in which the tax rate increases as the taxable amount increases, usually aimed at ensuring fairness by taxing higher incomes at higher rates.
Average Tax Rate
The fraction of total income that is paid in taxes, calculated by dividing the total tax amount by the total income.
Dollar Tax Liability
The amount of tax owed to the government, calculated in dollars, based on income, sales, imports, or other taxable activities.
Progressive Tax
A tax system in which the tax rate increases as the taxable amount increases, placing a larger burden on those who have higher earnings.
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