Engineering Economy
Engineering Economy
8th Edition
ISBN: 9781259683312
Author: Blank
Publisher: MCG
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Chapter 2, Problem 18P
To determine

Calculate the future value.

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On the 1st of April 2018, the South African National Treasury increase the value-added tax rate from 14% to 15%. This policy change had a wide-ranging impact on society. Discuss some of the benefits and drawbacks of making use of this type of tax to generate government revenue and what we may expect in terms of its impact on inflation and GDP growth within the economy.   Please use some of the economics graphs to explain some scenarios
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Engineering Economy

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