O-LevelEconomicsGovernment and the macroeconomy2281/11 · May/June 2014 · Q191 Mark

A government collects the following revenue in a year. $m taxes on goods 30 taxes on income 500 taxes on services 20 customs and excise duties 50 What is the amount of indirect tax revenue?

A$30 m

B$70 m

C$100 m

D$500 m

✓ Correct answer

C: $100 m

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Topic: Government and the macroeconomy, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2014 Paper 1 Variant 1, question 19.

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