alleryA tax whose burden can be shifted to another person, like the Goods and Services Tax, is an:
Aindirect tax
Bcapital receipt
Cdirect tax
Drevenue deficit
Answer & Solution
Correct answer: A. indirect tax
An indirect tax (GST) can be shifted to the final consumer.
Keep practising Macroeconomics: Income, Budget & Banking
Browse all Macroeconomics: Income, Budget & Banking questions for AP Intermediate 2nd Year, or explore more Economics topics.
Related questions
Gross National Product (GNP) equals GDP plus:True or false about moneyMatch the national income termExpenditure that neither creates assets nor reduces liabilities of the government is:Spot the odd one outA tax whose burden can be shifted to another person, like the Goods and Services Tax, is aThe excess of revenue expenditure over revenue receipts is the:The redistribution function of the budget mainly aims at: