A-LevelEconomicsGovernment Microeconomic InterventionFeb/Mar 2022Paper 1 Q171 Mark
Three types of tax are listed. • a sales tax (VAT) on fuel • a specific tax of 10% on cigarettes • the percentage of income tax on individual earnings increases as taxable income increases Which combination describes the effect of each of these types of tax? [Figure 17]
AVAT: progressive, specific tax: progressive, income tax: regressive
BVAT: progressive, specific tax: regressive, income tax: progressive
CVAT: regressive, specific tax: progressive, income tax: regressive
DVAT: regressive, specific tax: regressive, income tax: progressive
✓ Correct Answer
The correct answer is D. 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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