100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Economics Today (the Macro View) Chapter 6: Fundin $9.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. Economics Today Chapter 6: Fundin
  4.  
  5. Economics Today Chapter 6: Fundin

Exam (elaborations)

Economics Today (the Macro View) Chapter 6: Fundin
 0 purchase
  • Course
  • Economics Today Chapter 6: Fundin
  • Institution
  • Economics Today Chapter 6: Fundin

Economics Today (the Macro View) Chapter 6: Funding Public Sector 1. Government Budget Constraint ️: The limit on government spending and transfers imposed by the fact that every dollar the government spends, transfers, or uses to repay borrowed funds must ultimately be provided by the us...

[Show more]

Preview 1 out of 3  pages

Document information

  • September 9, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • economics today the macro view chapter 6 fundin

Written for

  • Economics Today Chapter 6: Fundin
  • Economics Today Chapter 6: Fundin

Seller

avatar-seller
CertifiedGrades

Reviews received

Content preview

Economics Today (the Macro View) Chapter 6: Funding
Public Sector


1. Government Budget Constraint ✔️: The limit on government spending and transfers imposed by the
fact that every dollar the government spends, transfers, or uses to repay borrowed funds must
ultimately be provided by the user charges and taxes it collects.



2. Tax Base ✔️: The value of goods, services, wealth, or incomes subject to taxation.



3. Tax Rate ✔️: The proportion of a tax base that must be paid to a government as taxes.



4. Marginal Tax Rate ✔️: The change in the tax payment divided by the change in income. It refers to
the tax rate of the last dollar earned.



5. Tax Bracket ✔️: A specified interval of income to which a specific and unique marginal tax rate is
applied.



6. Average Tax Rate ✔️: The total tax payment divided by total income; it is the proportion of total
income paid in taxes.



7. Progressive Taxation ✔️: A tax system in which, as income increases, a higher percentage of the
additional income is paid as taxes.



8. Regressive Taxation ✔️: A tax in which the higher the income, the lower the tax percentage paid on
them.



9. Capital Gain ✔️: A positive difference between the purchase price and the sale price of an asset.



10. Capital Loss ✔️: A negative difference between the purchase price and the sale price of an asset.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller CertifiedGrades. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69252 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$9.99
  • (0)
Add to cart
Added