A Value-Added Tax (VAT)is a Less Visible Form of a Sales

question 157

True/False

A value-added tax (VAT)is a less visible form of a sales tax.

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Definitions:

Large in Size

Describing an object, entity, or organism that is significantly above average in dimension or magnitude.

High in Variability

Characterized by wide variations or differences in characteristics, outcomes, or responses.

Standard Deviations

A measure of the amount of variation or dispersion of a set of values, indicating how much the values differ from the mean of the set.

Sample Medians

Statistical measures representing the middle value in a sample data set, dividing it into two halves when arranged in ascending or descending order.