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JAMB Economics 1991 Question 36

Question 36

Public Finance

A tax that takes an increasing fraction of income as income goes down is called

  1. A.conditional
  2. B.regressive
  3. C.progressive
  4. D.proportional
Show the answer and explanation

Answer: B (regressive)

Explanation

A regressive tax takes a larger share of a poor person's income than of a rich person's.