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Economics · Oct / Nov 2021 · Paper 13 · Question 19

2281Fiscal policy

The table shows a government's receipts from taxation. | | $m | |---|---| | air passenger duty | 10 | | tax on firms' profits | 100 | | import duty | 75 | | income tax | 200 | | inheritance tax | 50 | | sales tax (VAT) | 300 | What is the total amount of revenue raised by indirect taxes?

  1. A$300 m
  2. B$350 m
  3. C$385 m
  4. D$435 m

As printed in the paper

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Correct answer: C. $385 m

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