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The Theory of Social Goods
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adjustment aggregate demand allocation applied approach assets benefits billion budget capital gains capital income changes considered consumer consumer surplus consumption consumption tax corporation tax cost curve debt deduction deficit demand depreciation distribution earnings economic effective rate efficient employment equal equilibrium equity excess burden expenditures factor federal Figure finance fiscal federalism function given grants growth important imposed increase indifference curves inflation investment involves jurisdictions labor low-income marginal cost marginal rate measured nonrival opportunity cost output payments payroll tax percent percentage preferences present value problem profits programs progressive tax property tax public sector public services purchases rate of return ratio redistribution reduced reflected result rise sales tax saving schedule share shown social Table tax base tax burden tax incidence tax rate tax revenue tax structure taxation taxpayers tion United utility value-added tax various wage