A-LevelEconomicsGovernment Microeconomic InterventionOct/Nov 2018Paper 1 Q151 Mark
The income tax structure of a country has two elements. 1 The first $20000 of earned income is not taxed. 2 Any income earned above $20000 is taxed at 20%. What would be a correct description of this tax structure?
Aprogressive tax on incomes of more than $20000
Bprogressive tax throughout the whole income range
Cproportional tax on incomes of more than $20000
Dregressive tax throughout the whole income range
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of government microeconomic intervention within the Economicssyllabus. The examiner's mark scheme requires...
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Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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