Which of these would be the most effective in reducing expenditure on imports?
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15
What can the government do to finance a budget deficit?
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15
Which of the following is an example of current expenditure by government?
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15
If government spending increases significantly during a recession, it may cause a:
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15
What is the marginal tax rate if an individualâs annual income increases from ÂĢ30 000 to ÂĢ35 000?
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15
There is a sharp rise in unemployment in the economy. What will be the likely impact if automatic stabilisers already exist in the economy?
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15
UK government spending on the new high-speed railway line from London to Birmingham is likely, in the short run, to:
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15
If a countryâs tax receipts are $520bn and government expenditure is $540bn, which of the following best describes the state of the macroeconomy?
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15
Current: Tiered system of seven tax rates, the lowest being a 10% rate on taxable income between $0 - $9,275, the highest being a 39.6% rate on taxable income exceeding $415,000. Proposal: 10% on all taxable income. This proposal shows;
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15
Between 1990 and 1992, UK citizens were charged a Community Charge commonly known as the poll tax â a single flat-rate per capita tax on every adult at a rate set by the local authority. What type of tax was this?
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15
Which of the following statements about the countryâs direct tax system is true?