BEC Economic Theory review 11

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Joens1313
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BEC Economic Theory review 11
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2015-04-03 00:17:44
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BEC Economic Theory review 11
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BEC Economic Theory review 11
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  1. What is the Consumer Price index?  (CPI)
    A comparison of the price of items in a typical shopping cart at a base value
  2. What is the Wholesale Pricing Index? (WPI)
    A comparison of the price of items in a "typical" shopping cart at wholesale quantities to a base value
  3. What is the GDP Deflator?
    A factor that includes all production of an economy at the price used for the GDP calculation.
  4. What is considered full employment?
    Full employment theoretically exists when all individuals willing to work at market wages are employed at tasks that use their skills.
  5. What are the 2 principles that taxes are based on?
    the ability to pay

    the derived benefit
  6. What are the classifications of taxes?

    1. ----------------

    2. Indirect

    3. Proportional

    4. Progressive

    5. Regressive
    • 1. Direct
    • 2. Indirect
    • 3. Proportional
    • 4. Progressive
    • 5. Regressive
  7. What are the classifications of taxes?

    1. Direct
    2. ----------------------
    3. Proportional
    4. Progressive
    5. Regressive
    • 1. Direct
    • 2. Indirect
    • 3. Proportional
    • 4. Progressive
    • 5. Regressive
  8. What are the classifications of taxes?

    1. Direct
    2. Indirect
    3. -------------------
    4. Progressive
    5. Regressive
    • 1. Direct
    • 2. Indirect
    • 3. Proportional
    • 4. Progressive
    • 5. Regressive
  9. What are the classifications of taxes?

    1. Direct
    2. Indirect
    3. Proportional
    4. -------------------
    5. Regressive
    • 1. Direct
    • 2. Indirect
    • 3. Proportional
    • 4. Progressive
    • 5. Regressive
  10. What are the classifications of taxes?

    1. Direct
    2. Indirect
    3. Proportional
    4. Progressive
    5. -----------------
    • 1. Direct
    • 2. Indirect
    • 3. Proportional
    • 4. Progressive
    • 5. Regressive
  11. What are the classifications of taxes?

    1. -----------
    2.-----------------
    3. -------------
    4. ----------------
    5. ---------------
    • 1. Direct
    • 2. Indirect
    • 3. Proportional
    • 4. Progressive
    • 5. Regressive

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