The Value Added Tax (VAT) Has Not Had Wide Acceptance

question 36

True/False

The value added tax (VAT) has not had wide acceptance in the international community.

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Definitions:

Learning Curves

Graphs that demonstrate the rate at which people learn a new skill or the performance improvement of an algorithm over time.

Budgets

Financial plans that estimate revenue and expenses over a specified period.

Learning Curves

A graphical representation that shows how increasing the volume of production decreases the cost per unit due to learning and efficiency improvements.

Labour

It is the human effort, physical or mental, contributed towards the production of goods and services.