Economics · May / June 2018 · Paper 12 · Question 18
2281Fiscal policy
A government has the following revenue. | | revenue ($ m) | |---|---| | corporation profits tax | 20 | | inheritance tax | 30 | | duty on imports | 40 | | income tax | 50 | | sales tax (VAT) | 200 | What is the total amount of indirect tax revenue?
- A$140 m
- B$200 m
- C$240 m
- D$270 m
As printed in the paper
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Correct answer: C. $240 m
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