In January of 2008, the federal government reduced the GST rate from 6% to 5%. What was the resulting percent reduction in the dollar amount of GST consumers paid on any item?

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The Answer of In January of 2008, the federal government reduced the GST rate from 6% to 5%. What was the resulting percent reduction in the dollar amount of GST consumers paid on any item?

In January of 2008, the Federal Government Reduced the GST