ACCA BT Chapter 18 – Macroeconomics – Questions
Reader Interactions
Comments
Leave a Reply
You must be logged in to post a comment.
Free ACCA & CIMA online courses from OpenTuition
Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams
20% off ACCA & CIMA Books
OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>
why is tax charged on domestic heating considered regressive? Dont high income individual use heating too, making it a proportional tax?
there is an inverse relationship between income and regressive tax, the greater your salary the less RTAX you pay, vice versa. its similar to total fixed cost and level of output produced.
Yes. It is charged as a % of value not of units
Yes. it is a % of the value not the units.
what is volorem tax?
An “ad valorem tax” is charged as a fixed percentage of the price of goods. A good example is value added tax.
I am loving it?
I got 100 %
got 100%
interesting
interesting
An ad valorem tax is related to value and ‘false’ is marked as the correct response.
On q6 why is false incorrect?
It is charged as a fixed percentage
It is charged as a % of value not as an amount per unit.