EBK BRIEF PRINCIPLES OF MACROECONOMICS
EBK BRIEF PRINCIPLES OF MACROECONOMICS
8th Edition
ISBN: 8220103600552
Author: Mankiw
Publisher: CENGAGE L
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Chapter 10, Problem 8PA

Subpart (a):

To determine

Changes in labor market.

Subpart (b):

To determine

Changes in labor market.

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Frederick Jones operates a sole proprietorship business in Trinidad and Tobago. His gross annual revenue in 2023 was $2,000,000. He wants to register for VAT, but he is unsure of what VAT entails, the requirements for registration and what he needs to do to ensure that he is fully compliant with VAT regulations. Make reference to the Vat Act of Trinidad and Tobago and explain to Mr. Jones what VAT entails, the requirements for registration and the requirements to be fully compliant with VAT regulations.
Can you show me the answers for parts a and b? Thanks.
What are the answers for parts a and b? Thanks
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