Examlex
Dollar prices and relative prices are both nominal variables.
Marginal Tax
The tax rate applicable to the last unit of currency earned, indicating the rate at which additional income is taxed.
Tax Rate
The percentage at which income or corporate profits are taxed by the government.
Book Values
The net value of a company's assets as recorded on the balance sheet, calculated by subtracting liabilities from the total assets.
Market Values
The valuation at which an asset could be bought or sold in a current market, regardless of its original cost or book value.
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