Examlex
Which of the following statements best explains the process known as chain transfer?
Government
The organization that is the governing authority of a political unit, responsible for creating and enforcing laws and managing public services.
Transfer
The movement of something from one place, person, or ownership to another, often without the exchange of money.
Regressive Tax Structure
A tax system where the rate decreases as the taxable amount increases, disproportionately affecting lower-income individuals.
Proportion
A part, share, or number considered in comparative relation to a whole.
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