Table 6-6 Shows the Different Stages in the Production of an Office

question 85

Multiple Choice

Table 6-6 shows the different stages in the production of an office building. A mining firm extracts iron from the earth. A steel mill converts the iron to steel beams for use in construction. A construction company uses the steel beams to make a building. Assume that the total product of these firms represents the only components of the building and that they will have no other uses.
Table 6-6

-Refer to Table 6-6. Suppose the value-added tax is 10%. What is the total VAT collected from all stages of production including final sale?

• A) $1,050,000
• B) $127,500
• C) $95,000
• D) $72,500

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Definitions:

Psychological Abnormality

A behavioral, emotional, or cognitive dysfunction that is unusual for the cultural context, causes distress or impairment, and is not expected as part of normal development.

Somatogenic

Pertains to physical causes of psychological symptoms, originating from bodily or biological factors.

Mental Health Commission

A body, often governmental, tasked with overseeing and improving mental health services, policy, research, and advocacy within a particular jurisdiction.

Mental Health Policies

Regulations, laws, and strategies developed to improve mental health care and protect the rights of individuals with mental health issues.