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WAEC Economics 2007 Question 35

Question 35

Public Finance

If tax takes a large proportion of the income of people with lower income, the tax is

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

Answer: C (regressive)

Explanation

A regressive tax takes a bigger share of the income of the poor than of the rich.