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EQUITY: This has two, not totally unrelated, uses in our wonderful world of economics. The first is as one of the two micro goals (the other being efficiency) of a mixed economy. This use relates to the "fairness" of our income or wealth distributions. The second use of the term equity means ownership, especially the ownership of a business or corporation.

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PERSONAL TAX AND NONTAX PAYMENTS

The official item in the National Income and Product Accounts maintained by the Bureau of Economics Analysis measuring the personal income taxes paid to the government sector on personal income received by the household sector. Personal tax and nontax payments are subtracted from personal income (PI) to calculate disposable income (DI). Personal tax and nontax payments are about 15 percent of personal income and about 13 percent of gross domestic product.

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APLS

BLUE PLACIDOLA
[What's This?]

Today, you are likely to spend a great deal of time wandering around the shopping mall seeking to buy either blue cotton balls or a genuine down-filled pillow. Be on the lookout for crowded shopping malls.
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This isn't me! What am I?

The earliest known use of paper currency was about 1270 in China during the rule of Kubla Khan.
"Genius is an infinite capacity for taking pains. "

-- Jane Ellis Hopkins, writer

WLLN
Weak Law of Large Numbers
A PEDestrian's Guide
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