Not surprisingly, other countries are growing their output more quickly, with Brazil, China, and India all increasing their output by more than 11% annually over this time period.

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In contrast, if the tax rate is reduced from 50% to 25%, what producers are allowed to keep from their production increases from one-half to three-fourths, increasing the reward for production and output by one-half.

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In contrast, if the tax rate is reduced from 50% to 25%, what producers are allowed to keep from their production increases from one-half to three-fourths, increasing the reward for production and output by one half.

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