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WAEC Economics 1992 Question 28

Question 28

Public Finance

The greater burden of the taxes on essential goods is borne by

  1. A.the middle income group
  2. B.high income group
  3. C.low income group
  4. D.people between the middle and high income groups
  5. E.few top rich people.
Show the answer and explanation

Answer: C (low income group)

Explanation

The poor spend a larger share of their income on essentials, so such taxes take more of their income.