Gov. & Economy - Fiscal Policy

Question 1

Fiscal Policy relates to...

Accepted Answer

Government Revenue & Expenditure

Question 2

There are ____ Canons of taxation

Accepted Answer

4

Question 3

A balanced budget occurs when...

Accepted Answer

Current Revenue = Current Expenditure

Question 4

An example of non tax revenue is...

Accepted Answer

Revenue from state owned companies, VRT, TV Licence Fees, Fines

Question 5

Gov money being spend on loss making projects is known as...

Accepted Answer

Deadweight Debt

Question 6

The Minister for Finance is...

Accepted Answer

Paschal Donohoe

Question 7

The Annual Budget is divided into 3 parts

Accepted Answer

False

Question 8

Current Expenditure is government spending on items used up during the year

Accepted Answer

True

Question 9

Non commercial semi state bodies...

Accepted Answer

Do not make a profit

Question 10

Which of the following is an example of current gov. expenditure?

Accepted Answer

Wages of State Employees

Question 11

Self Liquidating means...

Accepted Answer

Earning enough to pay for its cost

Question 12

Is National Debt a burden?

Accepted Answer

Sometimes

Question 13

A good tax system should be a disincentive to work

Accepted Answer

False

Questions 13