O-LevelEconomicsGovernment and the macroeconomy2281/12 · Oct/Nov 2021 · Q191 Mark

The table shows a government's receipts from taxation. $m air passenger duty 10 tax on firms' profits 100 import duty 75 income tax 200 inheritance tax 50 sales tax (VAT) 300 What is the total amount of revenue raised by indirect taxes?

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A$300 m

B$350 m

C$385 m

D$435 m

✓ Correct answer

C: $385 m

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Topic: Government and the macroeconomy, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2021 Paper 1 Variant 2, question 19.

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The table shows a government's receipts from taxation. $m air passenger duty 10 tax on firms' profits 100 import duty 75 income tax 200 inheritance tax 50 sales tax (VAT) 300 What is the total amount of revenue raised by indirect taxes?

✓ Correct answer

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