AnswersVT-GA-EOC-Personal Finance Economics B ULHSFiscal Policy: Spending

Fiscal Policy: Taxes Answers

30 verified answers2 views
1
Free Preview

progressive regressive proportional

A
progressive
B
regressive
C
proportional
2
Free Preview

What details did you discuss in your response? Check all that apply.

A
the difference between expansionary policy and contractionary policy
B
expansionary policies are used to stimulate the economy and reduce unemployment
C
contractionary polices are used to reduce economic growth and combat inflation
28904

progressiveregressiveproportional

A
progressive
B
regressive
C
proportional
28938

about $80 billionabout $280 billionabout $480 billion

A
about $80 billion
B
about $280 billion
C
about $480 billion
28939

progressive regressiveproportional

A
progressive
B
regressive
C
proportional
28940

progressive taxesincome taxescorporate taxes

A
progressive taxes
B
income taxes
C
corporate taxes
28941

Based on the information provided, what type of tax has Country Q implemented?

A
an income tax
B
a tariff
C
a corporate tax
D
an excise tax
28942

Based on what you have read, what type of tax is Robert paying?

A
a tariff
B
a sales tax
C
an excise tax
D
a corporate tax
28943

What action can the government of Country DF take to encourage citizens to purchase homes?

A
maintain corporate tax rates
B
raise income taxes
C
raise property tax rates
D
lower income taxes for homeowners
28944

What are the most likely effects of this policy? Check all that apply.

A
Businesses will likely pay workers less.
B
Businesses will likely hire more workers.
C
Businesses will likely earn higher profits.
D
Businesses will likely invest less in the economy.
E
Businesses will likely invest more in the economy.
28945

How can expansionary and contractionary tax policies be used to manage the economy?Be sure to give your answer in two to three sentences.

Answer:

Expansionary tax policies lower taxes to stimulate spending, investment, and economic growth, especially when unemployment is high. Contractionary tax policies raise taxes to reduce spending and slow economic growth when inflation is rising.

28946

According to the graph, how much did individuals making $20,000 to $50,000 a year pay in income taxes?

Answers:
Taxes that are paid by individuals on all money earned, including investments, are .:income taxes
Taxes that are paid by homeowners to state and local governments are .:property taxes
Taxes that businesses are required to pay on their earnings throughout the course of a year are.:corporate taxes
28947

progressive✔ regressiveproportional

Answers:
This scenario describes a tax system.:regressive
Isabel pays Tony and Juan on the computer.:the same tax as
pays the highest tax rate on the computer.:Tony
would be the most affected by an increase in the sales tax rate.:Tony
28948

more tax thanless tax than✔ the same tax as

A
more tax than
B
less tax than
C
✔ the same tax as
28949

✔ TonyJuanIsabel

A
✔ Tony
B
Juan
C
Isabel
28950

✔ TonyJuanIsabel

A
✔ Tony
B
Juan
C
Isabel
28951

✔ progressive regressive proportional

Answers:
This chart describes a tax system.:progressive
The individual who benefits most from this policy is probably.:Rohan
28952

✔ RohanNikkitaAhmed

A
✔ Rohan
B
Nikkita
C
Ahmed
28953

progressive regressive✔ proportional

Answers:
The chart describes a tax system.:proportional
In this tax system, higher-income earners pay a(n) proportion compared to lower-income earners.:equal
28954

higher✔ equal lower

A
higher
B
✔ equal
C
lower

Did you find these answers helpful?

More from this Course

Assignment
32 verified answers

Fiscal Policy: Taxes

Assignment
38 verified answers

Fiscal Policy: Taxes

Assignment
16 verified answers

Fiscal Policy: Spending