Economics · Oct / Nov 2019 · Paper 13 · Question 18
2281Fiscal policy
The table shows tax paid at different income levels in an economy. | income level ($) | tax paid ($) | |---|---| | 5 000 | 500 | | 12 000 | 2400 | | 20 000 | 5000 | | 30 000 | 6000 | Which description of the tax system used is correct?
- Acontinually progressive
- Bprogressive then regressive
- Cproportional
- Dregressive then progressive
As printed in the paper
Show the answer
Correct answer: B. progressive then regressive
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