Economics 0455 · IGCSE · Fiscal policy

Fiscal policy — practice question

The table lists a government’s tax receipts as follows: air passenger duty $10$m, tax on firms’ profits $100$m, import duty $75$m, income tax $200$m, inheritance tax $50$m and sales tax (VAT) $300$m. What is the combined amount of revenue collected from indirect taxes?

  • A$300$m
  • B$350$m
  • C$385$m
  • D$435$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