Economics 0455 · IGCSE · Fiscal policy

Fiscal policy — practice question

The table gives a government’s tax receipts. air passenger duty $10\text{m}$ company profits tax $100\text{m}$ import duty $75\text{m}$ income tax $200\text{m}$ inheritance tax $50\text{m}$ sales tax (VAT) $300\text{m}$ What is the total revenue generated by direct taxes?

  • A$135\text{m}$
  • B$200\text{m}$
  • C$300\text{m}$
  • D$350\text{m}$

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI