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2.5 Fiscal policy and supply-side policies

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Question 37

Table 3 shows the annual income and the corresponding amount paid in direct tax by individuals at different income levels.

Table 3

Annual Income (£)Annual Tax Paid (£)
15 0001 500
30 0004 500
60 00012 000
100 00025 000

This tax is an example of a

proportional tax.

lump sum tax.

progressive tax.

regressive tax.

2.5 Fiscal policy and supply-side policies Questions

  1. A Level
  2. /Economics
  3. /2.5 Fiscal policy and supply-side policies