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Gillespie: Foundations of Economics 2e

Unit 25


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Question 1

A reflationary (expansionist) fiscal policy could include:

Question 2

If the economy grows the government's budget position should automatically:

Question 3

Fiscal drag occurs when:

Question 4

If the marginal rate of tax is 40% and consumers' income increase from £10,000 to £12,000:

Question 5

Imagine there is no tax on income up to £10000; after that, there is a tax of 50%. What is the average tax rate on an income of £20000?

Question 6

The marginal rate of tax paid is:

Question 7

In a regressive tax system:

Question 8

The Public Sector Net Cash Requirement (PSNCR) is:

Question 9

A government might use tax to:

Question 10

A budget deficit is likely to: