Economics 2281 · O Level · Fiscal policy

Fiscal policy — practice question

In one year, a government receives the following revenue: taxes on goods = $30\text{ m}$, taxes on income = $500\text{ m}$, taxes on services = $20\text{ m}$, customs and excise duties = $50\text{ m}$. What is the total indirect tax revenue?

  • A$30\text{ m}$
  • B$70\text{ m}$
  • C$100\text{ m}$
  • D$500\text{ m}$

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