Data That Is Based Upon Households Has Which of the Following

question 80

Multiple Choice

Data that is based upon households has which of the following as potential problems?

• A) they are inherently inaccurate
• B) law enforcement cannot use them
• C) they are difficult to generalize to other populations
• D) they are not that different from official measures like NIBRS

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Definitions:

Tax Revenue

The financial earnings acquired by governments via taxation.

Deadweight Loss

The shortfall in economic efficiency arising when a market for a good or service does not meet or cannot meet the equilibrium point.

Excise Tax

A specific tax levied on the sale of a particular good or service, often included in the price of products like gasoline, alcohol, and tobacco.

Ability-To-Pay

A principle of taxation that suggests taxes should be levied based on the taxpayer's ability to bear the financial burden.