Suppose a Firm Buys $3000 Worth of Inputs from Other

question 57

Multiple Choice

Suppose a firm buys $3000 worth of inputs from other firms,hires $2000 worth of labour services,and has sales revenue of $7500.The firm's resulting profit is $2500.If the GST (a value-added tax) rate is 5%,this firm will pay ________ in GST.

• A)$0
• B)$125
• C)$225
• D)$375
• E)$2500

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Definitions:

Attention-Deficit/Hyperactivity Disorder

A neurodevelopmental disorder characterized by issues with attention, hyperactivity, and impulsiveness.

Frontal Lobe

The Frontal Lobe is a region of the brain located at the front of each cerebral hemisphere, associated with reasoning, planning, parts of speech, movement, emotions, and problem-solving.

Attention-Deficit Hyperactivity Disorder

A neurodevelopmental disorder characterized by patterns of inattention, hyperactivity, and impulsive behavior.

Childhood Disorder

A broad term encompassing a range of physical, emotional, and cognitive conditions that affect children's development and functioning.