There Are Three Basic Types of Taxation That National Governments

question 92

Multiple Choice

There are three basic types of taxation that national governments throughout the world use:

• A)income tax,withholding tax,and value-added tax.
• B)property tax,wealth tax,and death tax.
• C)import quotas,duties,and tariffs.
• D)tariffs,ad valorem taxes,and income taxes.

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Definitions:

Observations

Individual data points or recorded values from an experiment or study.

Geometric Mean

A type of mean or average, which indicates the central tendency of a set of numbers by using the product of their values (as opposed to the arithmetic mean which uses their sum).

Weighted Mean

The mean of a data set that accounts for the importance or weight of each value.

Population Parameter

A numerical value that describes a characteristic of an entire population, such as its mean or standard deviation.