Value-added tax (VAT) is:
A) a direct national tax levied on the value added in the production of a good (or service) as it moves through various stages of production.
B) an direct national tax levied on the value added in the production of a good (or service) as it moves through various stages of production.
C) the equivalent of imposing international sales tax.
D) an indirect national tax levied on the value added in the production of a good (or service) as it moves through various stages of production.
Correct Answer:
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