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WAEC Economics 2023 Question 41

Question 41

Public Finance

Use the diagram below to answer the question. The curve labelled W shows the

Diagram for this question
  1. A.proportional tax.
  2. B.progressive tax.
  3. C.specific tax.
  4. D.regressive tax.
Show the answer and explanation

Answer: B (progressive tax.)

Explanation

The tax rate on W rises as income rises: a progressive tax.