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Supply-Side Policy Tools and the Long-Run Aggregate Supply Curve Quiz

3 Questions

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Supply-Side Policy Tools and the Long-Run Aggregate Supply Curve Quiz

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Questions and Answers

Which one of these is true about VAT and GST?

VAT is only applicable in France, while GST is only applicable in Pakistan.

VAT and GST are both ad valorem taxes. (correct)

VAT is based on a fixed amount per product, while GST is based on a percentage of the price.

Both VAT and GST are direct taxes.

What was the standard rate of VAT in France in 2019?

20% (correct)

15%

25%

10%

What was the standard rate of GST in Pakistan?

12%

15%

10%

17% (correct)

Supply-Side Policy Tools and the Long-Run Aggregate Supply Curve Quiz

Choose a study mode

Podcast

Questions and Answers

Which one of these is true about VAT and GST?

What was the standard rate of VAT in France in 2019?

What was the standard rate of GST in Pakistan?

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