Question

Calculate the effective tariff rate if the nominal tariff rate on the finished good is 10 percent,
the ratio of the value of inputs that are imported to that of the final product is 0.5 and no
tariff is imposed on the imported inputs.
a) 10 percent
b) 0.5 percent
c) 20 percent
d) 15 percent​

Answer 1

Answer:

20 percent c part is the ans but I am not sure