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Economics · May / June 2019 · Paper 11 · Question 17

2281Fiscal policy

The standard rate for Value Added Tax (sales tax) is 20% in a country. Different consumers buying the same product have to pay the same amount of tax. What kind of tax is this?

  1. Adirect
  2. Bprogressive
  3. Cproportional
  4. Dregressive

As printed in the paper

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Correct answer: D. regressive

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