Social 9-Ch.8

"An agreement by a company to pay for your health services, in exchange for a fee that you pay each month of the year."

• Health taxation

• Health spending

• Health insurance

• Health services

Health care paid for by individuals.

• Public health care

• Private health care

• Individual health care

• Group health care

Public health care

• Health care paid for by individuals.

• Health care paid for by taxes.

• Health care paid for by an insurance company.

• Health care paid for by a group in society.

Money made from a product or service above and beyond the cost of providing the product or service is...

• Wealth

• Prosperity

• Profit

• Gains

Tax paid at the time of buying a product or service, and based on a percentage of the price of the product or service.

• Sales tax

• GST

• Income tax

• collective tax

A federal sales tax that goes to the government every time you make a purchase. It is 5% of your purchase.

• Sales tax

• Goods and Services Tax

• Income tax

• collective tax

Tax based on a percentage of a person’s income.

• Sales tax

• Goods and Services Tax

• Income tax

• collective tax

A concept in statistics that means the middle number in a set of data organized in order of least to most.

• Mean

• Median

• Mode

• Statistics

Economic activity based on buying and selling products and services illegally.

• Sneaky economy.

• Underground economy.

• Purple economy.

• Informal economy.

Another term for underground economy is...

• Grey market

• Black market

• informal market

• bad market