_____ 4. The value added tax is a type of consumption tax.

Name: _____ 4. The value added tax is a type of consumption tax.
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The value added tax (VAT) is a consumption tax imposed on the value added to goods and services at each stage of production or distribution. It is based on the idea that the ultimate consumer of a product or service should be the one to bear the tax burden.

_____ 4 the Value Added Tax Is a Type of Consumption