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WAEC Economics 2009 Question 40

Question 40

Public Finance

The tax imposed on goods manufactured within a country is

  1. A.an excise tax
  2. B.a capital gains tax
  3. C.profit tax
  4. D.a sales tax.
Show the answer and explanation

Answer: A (an excise tax)

Explanation

Excise duty is levied on goods produced inside the country.