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MMLU-Pro / 7129 / What is a value-added tax?

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

What is a value-added tax?

category

economics

options

  1. A tax applicable only to raw materials
  2. A tax imposed exclusively on luxury items at the point of sale
  3. A tax deducted from the total sales revenue of a company
  4. A progressive tax levied on the profits of a corporation
  5. A tax levied on the final selling price of a product
  6. A sales tax that is applied uniformly on all products at a single stage
  7. A tax only levied on imported goods to encourage domestic production
  8. A flat-rate tax imposed on individual income
  9. A tax collected at each stage of production based on the value added
  10. A tax imposed on the total value of a product

src

stemez-Economics

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Source and history

Official source

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