Garantie de satisfaction à 100% Disponible immédiatement après paiement En ligne et en PDF Tu n'es attaché à rien
Recherché précédemment par vous
ECS1601 ASSESSMENT 2 2024 Which one of the following statements regarding government spending and the financing of such spending is incorrect? a. Personal income tax is the only source of revenue that can be used to finance government spending. b. The inc5,46 €
Ajouter au panier
ECS1601 ASSESSMENT 2 2024 Which one of the following statements regarding government spending and the financing of such spending is incorrect? a. Personal income tax is the only source of revenue that can be used to finance government spending. b. The inc
22 vues 0 fois vendu
Cours
Economics IB (ECS1601)
Établissement
University Of South Africa (Unisa)
ECS1601 ASSESSMENT 2 2024
Which one of the following statements regarding government spending and the financing of such spending is incorrect?
a. Personal income tax is the only source of revenue that can be used to finance government spending.
b. The income received from state-owned enterprises...
DISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE REPORT IS NOT
PREPARED NOR APPROVED BY UNISA, RATHER REPRESENTS A POSSIBLE
SOLUTION TO THE TASK CONSISTENT WITH THEORY. THIS ASSIGNMENT IS
INTENDED TO ASSIST STUDENTS IN GETTING STARTED WITH THEIR ASSIGNMENT,
AND IN NO CASE THIS DOCUMENT SHOULD BE USED FOR CHEATING. WE BELIEVE
THIS WILL BE A GOOD STARTING POINT AS IT WAS PREPARED BY OUR TEAM OF
PROFESSIONAL PRIVATE TUTORS WHO ARE EXPERTS IN THE FIELD, AND IT WAS
PREPARED USING VARIOUS SOURCES. ANY SIMILARITY WITH ANY EXISTING
THEORY OR DISCUSSION BY OTHER AUTHORS IS EXCUSED. THE AUTHORS
HOWEVER DO NOT CLAIM MONOPOLY TO KNOWLEDGE HENCE MODIFICATION OF
THE ANSWERS CONTAINED IN THIS FRAMEWORK MAY NOT BE PROHIBITED AS IT
CONTRIBUTES TO EXPANSION OF KNOWLEDGE. FOR ANY FURTHER GUIDELINE
ABOUT THE INFORMATION CONTAINED HERE AND THE MODULE IN GENERAL,
CONTACT PASSMATE TUTORIALS.
Which one of the following statements on nationalisation and privatisation is
correct?
a. Commercialisation the same as privatisation.
b. Nationalisation is the transfer of ownership from the public sector to the
private sector.
c. Privatisation is the transfer of ownership from private enterprise to
government.
d. One of the arguments in favour of privatisation is that the privatised firm
may attract direct foreign investment.
Clear my choice
Question 2
Answer saved
Marked out of 1.00
If the government intends making use of a contractionary fiscal policy, it should …
a. decrease taxes and decrease government spending.
b. increase taxes and decrease government spending.
c. increase the interest rate.
d. decrease taxes and increase government spending.
Value Added Tax (VAT) is an example of which type of taxes?
a. selective tax, direct tax and progressive tax
b. general tax, indirect tax and progressive tax
c. general tax, indirect tax and regressive tax
d. selective tax, indirect tax and regressive tax
Clear my choice
Question 4
Answer saved
Marked out of 1.00
The following table gives the tax rates for individuals for the 2016 tax year:
2016 tax year (1 March 2015 - 29 February 2016)
Taxable income (R) Rates of tax (R)
0 - 181 900 18% of each R1
181 901 - 284 100 32 742 + 26% of the amount above 181 900
284 101 - 393 200 59 314 + 31% of the amount above 284 100
393 201 - 550 100 93 135 + 36% of the amount above 393 200
550 101 - 701 300 149 619 + 39% of the amount above 550 100
701 301 and above 208 587 + 41% of the amount above 701 300
If the government decides to increase the tax rate for those earning more than R701
300 from R208 587 + 41% of the amount above R701 300 to R208 587 + 43%, it
implies that it has increased the … for high-income groups, which is an example of …
a. capital gains tax; value added tax.
b. minimum tax amount; vertical equity.
c. marginal tax rate; vertical equity.
d. marginal tax rate; horizontal equity.
If the government decides to increase value-added tax (VAT) from 15 to 16%, what
impact would this have on consumers?
a. A higher VAT rate will make households with the lowest incomes worse off.
b. Tax revenue generated from an increase in VAT will also increase spending
on public healthcare.
c. VAT will only affect producers and not consumers.
d. An increase in the VAT rate does not affect consumers’ decisions to save
and invest.
Clear my choice
Question 6
Answer saved
Marked out of 1.00
In the past two years, the issue of nationalisation versus privatisation has become
significant in political debates in South Africa. In this context, what does
nationalisation refer to?
a. the process of the change of ownership from government to the private
sector
b. the transference of ownership of your small Toyota Corolla to your younger
sibling
c. the changing of all street names to indigenous names
d. the process of the change of ownership from private enterprise to
government
Les clients de Stuvia ont évalués plus de 700 000 résumés. C'est comme ça que vous savez que vous achetez les meilleurs documents.
L’achat facile et rapide
Vous pouvez payer rapidement avec iDeal, carte de crédit ou Stuvia-crédit pour les résumés. Il n'y a pas d'adhésion nécessaire.
Focus sur l’essentiel
Vos camarades écrivent eux-mêmes les notes d’étude, c’est pourquoi les documents sont toujours fiables et à jour. Cela garantit que vous arrivez rapidement au coeur du matériel.
Foire aux questions
Qu'est-ce que j'obtiens en achetant ce document ?
Vous obtenez un PDF, disponible immédiatement après votre achat. Le document acheté est accessible à tout moment, n'importe où et indéfiniment via votre profil.
Garantie de remboursement : comment ça marche ?
Notre garantie de satisfaction garantit que vous trouverez toujours un document d'étude qui vous convient. Vous remplissez un formulaire et notre équipe du service client s'occupe du reste.
Auprès de qui est-ce que j'achète ce résumé ?
Stuvia est une place de marché. Alors, vous n'achetez donc pas ce document chez nous, mais auprès du vendeur passmatetutorials. Stuvia facilite les paiements au vendeur.
Est-ce que j'aurai un abonnement?
Non, vous n'achetez ce résumé que pour 5,46 €. Vous n'êtes lié à rien après votre achat.
