O-LevelEconomicsGovernment and the macroeconomy2281/11 · May/June 2019 · Q171 Mark

The standard rate for Value Added Tax (sales tax) is 20% in a country. Different consumers buying the same product have to pay the same amount of tax. What kind of tax is this?

Adirect

Bprogressive

Cproportional

Dregressive

✓ Correct answer

D: regressive

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Topic: Government and the macroeconomy, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2019 Paper 1 Variant 1, question 17.

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