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Cambridge IGCSE Economics practice

Paper 2 structured question: Fiscal policy

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Fiscal policy

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Paper 2Structured Questions3 marks

Analyzing the impact of different tax types on the economy.

Description

Types of Taxes

Different types of taxes affect income distribution and consumer behavior in various ways. Understanding these effects is crucial for economic policy.

  1. a

    Explain the difference between direct and indirect taxes.

    Aim for approximately 3 distinct marking points.

    [3]

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Paper 2 structured question: Fiscal policy

Paper 2Structured Questions1 marks

Description

Classification of Taxes

Taxes can be classified into progressive, regressive, proportional, direct, and indirect taxes. Each type has different implications for income distribution and economic behavior.

  1. a

    State the definition of a progressive tax.

    Aim for approximately 1 distinct marking point.

    [1]