A Data-Driven Website Is an Interactive Website Kept Constantly Updated

question 9

True/False

A data-driven website is an interactive website kept constantly updated and relevant to the needs of its customers using a database.

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Definitions:

Tax Revenue

Tax Revenue refers to the income that is gained by governments through taxation, which is then used to fund public services and governmental operations.

Excess Burden

The additional cost to society beyond taxes collected resulting from inefficiencies in market outcomes due to taxation or regulations.

Tax Revenue

Funds accumulated by governments as a result of taxation.

Inelastic

Describing demand that does not change significantly when the price of a good or service changes.