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Discuss the concepts of control variables and trivariate tables.What are three limitations of trivariate tables?
Sales Tax
A consumption tax imposed by the government on the sale of goods and services.
Structural
Relating to the underlying or foundational aspects or structures of a system, organization, or building.
Lump-Sum Tax
A tax that is a fixed amount and does not vary with the taxpayer's income or consumption levels.
Proportional Tax
A tax system where the tax rate remains constant regardless of the amount subject to tax, meaning everyone pays the same proportion of their income.
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