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ECONOMIC INDICATORS: Numerous economic statistics that provide valuable information about the expansions and contractions of business cycles. These economic statistics are grouped into three sets--lagging, coincident, and leading. Leading economic indicators tend to move up or down a few months BEFORE business-cycle expansions and contractions. Coincident economic indicators tend to reach their peaks and troughs AT THE SAME TIME as business cycles. Lagging economic indicators tend to rise or fall a few months AFTER business-cycle expansions and contractions.
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AVERAGE TAX RATE: A tax rate that is the percentage of the total tax base paid in taxes. Comparable to any average, this is the total taxes collected or paid divided by the total value of the tax base. For example, if a person earns $50,000 in income and pays $5,000 in taxes, then the average income tax rate is 10 percent. The contrasting term is marginal tax rate. See also | marginal tax rate | tax rate | tax base | tax incidence | tax proportionality | proportional tax | progressive tax | regressive tax | average-marginal rule |
Recommended Citation:AVERAGE TAX RATE, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2024. [Accessed: May 12, 2024].
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VARIABLE COST In general, cost that changes with changes in the quantity of output produced. More specifically, variable cost is combined with the adjectives "total" and "average" to indicate the overall level of variable cost or the per unit variable cost. Variable cost depends on the amount produced. If there is no production, then there is no variable cost.
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GRAY SKITTERY
[What's This?]
Today, you are likely to spend a great deal of time browsing through a long list of dot com websites hoping to buy either hand lotion, a big bottle of hand lotion or a lighted magnifying glass. Be on the lookout for malfunctioning pocket calculators.
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A communal society, a prime component of Karl Marx's communist philosophy, was advocated by the Greek philosophy Plato.
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"The tragedy of life is not so much what men suffer, but rather what they miss. " -- Thomas Carlyle, Historian
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APC
Average Propensity to Consume
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