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  • Grade 10 Worksheet 2 and 3

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    Girish Singhal
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    This document contains definitions and differentiations of economic terms related to taxes, fiscal policy, monetary policy, and the effects of policy changes. It asks to define proportional tax, multiplier effect, budget deficit, market failure, direct tax, and inheritance tax. It also asks to differentiate between progressive vs regressive taxes, expansionary vs contractionary fiscal policy, income tax vs corporation tax, budget surplus vs deficit, tax base vs tax burden, and fiscal policy vs monetary policy. Finally, it asks questions about automatic stabilizers, the impact of tax changes, informal economy, money supply changes, and analyzes scenarios related to trade unions, interest rates, government taxes, and income tax using the DEED framework.

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    grade 10 worksheet 2 and 3

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    This document contains definitions and differentiations of economic terms related to taxes, fiscal policy, monetary policy, and the effects of policy changes. It asks to define proportional tax, multiplier effect, budget deficit, market failure, direct tax, and inheritance tax. It also asks to differentiate between progressive vs regressive taxes, expansionary vs contractionary fiscal policy, income tax vs corporation tax, budget surplus vs deficit, tax base vs tax burden, and fiscal policy vs monetary policy. Finally, it asks questions about automatic stabilizers, the impact of tax changes, informal economy, money supply changes, and analyzes scenarios related to trade unions, interest rates, government taxes, and income tax using the DEED framework.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    15 views1 page

    Grade 10 Worksheet 2 and 3

    Uploaded by

    Girish Singhal
    This document contains definitions and differentiations of economic terms related to taxes, fiscal policy, monetary policy, and the effects of policy changes. It asks to define proportional tax, multiplier effect, budget deficit, market failure, direct tax, and inheritance tax. It also asks to differentiate between progressive vs regressive taxes, expansionary vs contractionary fiscal policy, income tax vs corporation tax, budget surplus vs deficit, tax base vs tax burden, and fiscal policy vs monetary policy. Finally, it asks questions about automatic stabilizers, the impact of tax changes, informal economy, money supply changes, and analyzes scenarios related to trade unions, interest rates, government taxes, and income tax using the DEED framework.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Define followings: (One statement supported by suitable example)

    A. Proportional Tax
    B. Multiplier Effect
    C. Budget Deficit
    D. Market Failure
    E. Direct Tax
    F. Inheritance tax
    Differentiate between – (At least two points for each)
    A. Progressive and regressive tax
    B. Expansionary and Contractionary fiscal policy
    C. Income Tax and Corporation tax
    D. Budget surplus and Budget deficit
    E. Tax base and tax burden
    F. Fiscal Policy and Monetary policy
    Answer following questions:
    A. What is meant by automatic stabilizer?
    B. List out impact of Increase and decrease of tax on Consumers, Producer and the government.
    C. What is meant by informal economy?
    D. List out various causes for change in money supply.
    Answer following questions :
    A. Analyse why trade unions are likely to welcome an increase in the money supply? [6]
    Hint: Use DEED concept
    Ans:
    B. Discuss whether or not an increase in the rate of interest will reduce consumer expenditure? [8]
    Hint: Use DEED and also provide conclusion
    Ans:
    C. Analyse the reasons why government impose taxes? [6]
    Hint: Use DEED concept
    Ans:
    D. Discuss whether or not an increase in income tax will improve economic performance. [8]
    Hint: Use DEED and also provide conclusion
    Ans:

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