Multiple Choice
Suppose a firm buys $1000 worth of inputs from other firms,hires $1000 worth of labour services,and has sales revenue of $2500.The firm's resulting profit is $500.According to a value-added tax such as the GST,this firm would pay taxes on
A) $500.
B) $1000.
C) $1500.
D) $2500.
E) $4500.
Correct Answer:
Verified
Correct Answer:
Verified
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