Examlex
(i. The type of sampling when a population is first divided into subgroups and then a sample is selected from each subgroup is called stratified random sampling. (ii) Auditors may select every 20th file starting with say, the 5th file in the top drawer. Then file numbers 25, 45, 65, 85, are audited. This type of sampling is called cluster sampling.
(iii) The mean of a population is called a parameter.
Benefits-received Principle
This principle suggests that individuals should pay taxes in proportion to the benefits they receive from government services.
Taxation
The process by which a government imposes charges on citizens and corporate entities to finance government spending and public services.
Gasoline Tax
A tax imposed by governments on the sale of gasoline, typically used to fund transportation-related projects.
Proportional Tax
A tax system where the tax rate remains constant regardless of the amount subject to tax, resulting in taxpayers paying the same percentage of their income regardless of the income level.
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