Economics 2281 · O Level · Fiscal policy

Fiscal policy — practice question

A government’s revenue is given below. corporation profits tax: $20$ ($\$m$) inheritance tax: $30$ ($\$m$) duty on imports: $40$ ($\$m$) income tax: $50$ ($\$m$) sales tax (VAT): $200$ ($\$m$) Calculate the total indirect tax revenue.

  • A$140\text{ m}$
  • B$200\text{ m}$
  • C$240\text{ m}$
  • D$270\text{ m}$

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