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Public Sector in the Economic
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applied asset benefits budget capital formation capital income changes Chapter choice consumer consumer surplus consumption consumption tax corporation tax cost cost-benefit analysis countries curve deadweight loss debt deduction demand depreciation distribution dollar earnings economic effective rate efficient elasticity equal equilibrium equity expenditures factor federal Figure finance fiscal fiscal federalism function gain given grants growth important imposed increase indifference curves inflation interest investment involves jurisdictions labor major marginal rate measured nonrival noted opportunity cost output pattern payments payroll tax percent preferences problem profits programs progressive progressive taxation property tax public sector public services purchases rate of return ratio redistribution reduced reflects result rise sales tax saving schedule share shown social Table tax base tax incidence tax rate tax structure taxable income taxation taxpayers tion transfer United value-added tax various voting wage welfare