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What is the difference between absolute and relative poverty? The Lorenz curve shows the relationship between what two variables? At what level of income does

What is the difference between absolute and relative poverty?

The Lorenz curve shows the relationship between what two variables?

At what level of income does the 12% marginal tax bracket begin?

Based upon the table in the slideshow, what dollar amount of tax will be paid by someone who has a taxable income of $50,000? What is the average tax rate that is paid by that person?

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