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Team 2
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Teams
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Score
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15
×
Name one action the government can take during a budget surplus
Pay off national debt / reduce taxes / increase spending.
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15
×
What is a budget surplus?
When revenue is greater than expenditure.
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banana
Go to last place!
Oops!
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seesaw
Swap points!
Okay!
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fairy
Take points!
5
10
15
20
25
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baam
Lose 10 points!
Oops!
15
×
What tax is paid on company profits?
Corporation tax.
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15
×
What is government expenditure?
Money the government spends on public services.
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15
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What is the national budget?
A financial plan showing expected government revenue and expenditure for one year.
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15
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What is DIRT?
Deposit Interest Retention Tax on savings interest.
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15
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Name one action the government can take during a budget deficit.
Increase taxes / borrow money / reduce spending.
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trap
No points!
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fairy
Take points!
5
10
15
20
25
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gift
Win 20 points!
Okay!
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banana
Go to last place!
Oops!
15
×
What is current expenditure?
Regular day-to-day income, such as income tax and VAT.
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15
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What tax is paid on income earned by employees?
Income tax (PAYE, PRSI and USC).
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15
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What is a budget deficit?
When expenditure is greater than revenue.
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15
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Name one main source of government revenue.
Taxation
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seesaw
Swap points!
Oops!
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magnet
Take 10 points!
Okay!
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rocket
Go to first place!
Okay!
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thief
Give points!
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25
15
×
What tax is charged on goods and services?
Value-Added Tax (VAT).
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15
×
What is government revenue?
The income the government receives.
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