AnswersHSA 26-27 EconomicsFiscal Policy: Taxes

Fiscal Policy: Taxes Answers

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1
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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
2
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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
28905

more tax thanless tax thanthe same tax as

A
more tax than
B
less tax than
C
the same tax as
28906

TonyJuanIsabel

A
Tony
B
Juan
C
Isabel
28907

TonyJuanIsabel

A
Tony
B
Juan
C
Isabel
28908

progressive regressive proportional

A
progressive
B
regressive
C
proportional
28909

RohanNikkitaAhmed

A
Rohan
B
Nikkita
C
Ahmed
28911

progressive regressiveproportional

A
progressive
B
regressive
C
proportional
28912

higherequal lower

A
higher
B
equal
C
lower
28938

about $80 billionabout $280 billionabout $480 billion

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

about $80 billionabout $280 billionabout $480 billion

A
about $80 billion
B
about $280 billion
C
about $480 billion
28941

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
28942

property taxesregressive taxescorporate taxes

A
property taxes
B
regressive taxes
C
corporate taxes
28943

direct taxesproportional taxescorporate taxes

A
direct taxes
B
proportional taxes
C
corporate taxes
28944

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
28945

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
28946

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.
28947

progressive taxesincome taxescorporate taxes

A
progressive taxes
B
income taxes
C
corporate taxes

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