DP Economics
Question 18N.3.HL.TZ0.3j
| Date | November 2018 | Marks available | [Maximum mark: 2] | Reference code | 18N.3.HL.TZ0.3j |
| Level | HL | Paper | 3 | Time zone | TZ0 |
| Command term | Calculate | Question number | j | Adapted from | N/A |
j.
[Maximum mark: 2]
18N.3.HL.TZ0.3j
Figure 4 represents the circular flow of income in Country A, with values in billions of dollars ($).
Figure 4
The government of Country A decides to increase the level of taxation to $34 billion.
Table 3 provides information on the rates of direct tax in Country A.
Table 3
(j)
Calculate the average tax rate for an individual who earns $64 000 per year.
[2]
Markscheme
12 000 × 5 % + 15 500 × 12 % + 32 500 × 21.5 % + 4 000 × 32 %
= $10 727.50
Working is not required.
average tax rate
Any valid working is sufficient for [1].
= 16.76 %
An answer of 16.76 or 0.17 (without working) is sufficient for [1].
