EMS GRADE 8 EXAM REVIEW

The three major role players in the economy are:

• Government; factor of production; households

• Government; businesses; households

• Government; consumers; factors of production

• Government; households; consumers

An example of a direct tax is__________.

• Customs

• VAT

• Company tax

• Excise

The Labour force of a country can be defined as:

• The total of employed people

• The total of unemployed people

• Individuals who are old enough to work and would like to work

• The total of those employed and those unemployed but seeking employment

Government is divided into three levels. Which one is not a level of Government?

• Local

• Parliament

• Local

• Provincial

The National Assembly has _______ members.

• 100 - 150

• 150 - 200

• 200 - 250

• 350 – 400

Government is not responsible for _________.

• HEALTH

• FOOD

• SAFETY

• INFRASTRUCTURE

Income tax is …

• Tax charged on any money earned by a household

• Tax on a transaction

The current VAT rate in South Africa is (a)  

Economic inequality is …

• Not being treated equally due to the colour of your skin

• A tax break that reduces the amount of tax a business has to pay

• Certain groups of people do not have equal social status

• A gap in the level of wealth and income between the rich and the poor

Which government is responsible for refuse removal ?

• Local government

• provincial government