This file of ECO 450 Week 8 Assignment 2 The Value-Added Tax Is It Good for the United States includes:Explain the concept of value-added tax (VAT). This should be one to two (1-2) pages long.Analyze the pros and cons of imposing a VAT.Evaluate the merits of imposing a VAT in the United States.Give your opinion and rationale(s) as to whether the United States should impose a VAT and whether the VAT should replace the current income tax or be imposed in addition to the income Tax.