Assume that a product has the following three stages of production: 
If the value-added tax (VAT) rate is 20%, what would be the VAT over all stages of production?
Definitions:
Net Exports
The value of a country's total exports minus the value of its total imports; it is a component of a country's gross domestic product (GDP).
Real Values
Economic measures that have been adjusted for inflation, allowing for comparisons over time by reflecting the actual purchasing power.
Nominal Terms
Values or prices expressed in current money terms, without adjusting for inflation or price level changes.
Macroeconomic Variables
Indicators or main aggregates considered in the analysis of an economy's overall performance, such as GDP, inflation, and unemployment rates.
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