Edit Game
Government revenue and expenditure
 Delete

Use commas to add multiple tags

 Private  Unlisted  Public



 Save

Delimiter between question and answer:

Tips:

  • No column headers.
  • Each line maps to a question.
  • If the delimiter is used in a question, the question should be surrounded by double quotes: "My, question","My, answer"
  • The first answer in the multiple choice question must be the correct answer.

 Import questions





 Save   16  Close
What tax is paid on income earned by employees?
Income tax (PAYE, PRSI and USC).
Name one action the government can take during a budget deficit.
Increase taxes / borrow money / reduce spending.
Name one action the government can take during a budget surplus
Pay off national debt / reduce taxes / increase spending.
What is a budget deficit?
When expenditure is greater than revenue.
What is a budget surplus?
When revenue is greater than expenditure.
What is a balanced budget?
When planned revenue equals planned expenditure.
What is current expenditure?
Regular day-to-day income, such as income tax and VAT.
What is capital expenditure?
Long-term spending like building a hospital.
Name one government service.
Healthcare / education / public transport.
What is government expenditure?
Money the government spends on public services.
What is DIRT?
Deposit Interest Retention Tax on savings interest.
What tax is paid on company profits?
Corporation tax.
What tax is charged on goods and services?
Value-Added Tax (VAT).
Name one main source of government revenue.
Taxation
What is government revenue?
The income the government receives.
What is the national budget?
A financial plan showing expected government revenue and expenditure for one year.
Your experience on this site will be improved by allowing cookies.