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Q4. Tariffs on final and input goods are 25% and 12%, respectively. Variable No Tariff + Tariff on Final Good + Tariff on Input Good

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Q4. Tariffs on final and input goods are 25% and 12%, respectively. Variable No Tariff + Tariff on Final Good + Tariff on Input Good Price of Domestic Final Good 2220 Value of Imported Inputs 670 Domestic Value-Added 1550 Effective Rate of Protection, % 0 Complete the entries above and express the effective rate of protection in each case. Display your workings in the space provided below

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