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3.5 Fiscal policy

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Question 11

A café owner buys a coffee machine for £650 plus VAT at 20%. On the same day she buys £250 of food ingredients, which carry no VAT. What is the total amount she pays?

[1]
A

£900

B

£950

C

£1,030

D

£1,080

Markscheme

3.5 Fiscal policy Questions

  1. GCSE
  2. /Economics
  3. /3.5 Fiscal policy

76 exam-style questions on OCR GCSE Economics 3.5 Fiscal policy, covering 3.5.1 Government spending and revenue, 3.5.2 Budget balance, surplus and deficit, 3.5.3 What is fiscal policy, 3.5.4 Calculate effects of taxes and spending, 3.5.5 Analyse effects of taxes and spending, 3.5.6 Costs and benefits of fiscal policy, and 3.5.7 Redistributing income and wealth. Each one has a worked solution and a mark scheme showing where the marks go.

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