O-LevelEconomicsGovernment and the macroeconomy2281/12 · Oct/Nov 2014 · Q181 Mark
In 2011 the Egyptian Government increased the top rate of income tax. What is likely to have been the main aim of this policy measure?
Areallocation of resources from producing necessities to producing luxury products
Bredistribution of income from the rich to the poor
Creduction in the deficit on the current account of the balance of payments
Dreduction in the level of cost-push inflation
✓ Correct answer
B: redistribution of income from the rich to the poor
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