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QUESTION#2 (a) What are the desirable and undesirable effects of using a lump-sum tax to finance government expenditure? (15 Marks) (b) What is the excess

QUESTION#2 (a) What are the desirable and undesirable effects of using a lump-sum tax to finance government expenditure? (15 Marks) (b) What is the excess burden of a price distorting tax for an individual tax payer? [5 Marka)

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