A-LevelEconomicsGovernment microeconomic intervention9708/32 · Oct/Nov 2017 · Q151 Mark

A tax system allows people to earn a certain sum of income free of income tax. On income above this level, tax is levied at a constant rate. Which diagram correctly shows how marginal and average rates of tax vary with income? A rate of tax marginal ZLE average Ο income B rate of tax marginal average Ο income C rate of tax average = marginal income D rate of tax marginal average Ο income

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Topic: Government microeconomic intervention, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source: A-Level Economics, Oct/Nov 2017 Paper 3 Variant 2, question 15.

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