GCE Economics 2023 Objective — Question 41
Question 41 of 50 from the General Certificate of Education (GCE) Economics 2023 Objective paper, with the correct answer and a full explanation.
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Use the diagram below to answer this question. The curve labeled W shows the A. proportional tax B. progressive tax C. specific tax D. regressive tax
- A. proportional tax
- B. progressive taxCorrect
- C. specific tax
- D. regressive tax
Explanation
A progressive tax system is one where the tax rate rises as income rises, matching curve W which slopes upward as income increases.
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