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What is the main purpose of taxation? (2020)

Practice Questions

Q1
What is the main purpose of taxation? (2020)
  1. To control inflation
  2. To fund government spending
  3. To reduce unemployment
  4. To promote exports

Questions & Step-by-Step Solutions

What is the main purpose of taxation? (2020)
  • Step 1: Understand that taxation means collecting money from people and businesses.
  • Step 2: Recognize that the government uses this money to pay for things that everyone needs.
  • Step 3: Identify examples of public services, like schools, hospitals, and roads.
  • Step 4: Realize that without taxes, the government wouldn't have money to provide these services.
  • Step 5: Conclude that the main purpose of taxation is to fund these essential services and infrastructure.
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