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WAEC Economics 2025 Question 42

Question 42

Public Finance

If governments in developing countries want to raise revenue, then the major source to rely on is

  1. A.grants and loans.
  2. B.royalties and rent.
  3. C.indirect taxes.
  4. D.sale of government assets.
Show the answer and explanation

Answer: C (indirect taxes.)

Explanation

Indirect taxes reach everyone who buys goods and are hard to evade.