Wednesday, 27 May 2015

Nabteb Economics Answer Available Here

2a. A regressive tax is a tax system where the tax rate dicreases as income increase.It is a tax system in which the higher the income of the consumer, the lower the tax rate. (2b) Toyota – tax paid=#20,000*10=#200­,000 Volvo-tax paid=25,000*5=#125,0­00 Honda-tax paid=15,000*8=120,00­0 Honda-tax paid=#5000*20=#100,0­00 Mazda-tax...