Taxes, Economic Indicators, and Government Finances

Taxes, Economic Indicators, and Government Finances

Assessment

Flashcard

Social Studies

12th Grade

Hard

Created by

Wayground Content

FREE Resource

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18 questions

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1.

FLASHCARD QUESTION

Front

GDP Per Capita is...

Back

GDP divided by a country's population

2.

FLASHCARD QUESTION

Front

A relatively high tax designed to raise revenue while reducing consumption of an undesirable products

Back

Sin Tax

3.

FLASHCARD QUESTION

Front

General state or city tax levied on a product at the time of sale

Back

Sales Tax

4.

FLASHCARD QUESTION

Front

Tax levied on wages salaries and other income, paid

Back

Individual Income Tax

5.

FLASHCARD QUESTION

Front

Tax where percentage of income paid in tax rises as level of income rises

Back

Progressive Tax

6.

FLASHCARD QUESTION

Front

The percentage of tax is the same regardless of income.

Back

Flat Tax

7.

FLASHCARD QUESTION

Front

Profits from the sale of an asset held for 12 months or longer.

Back

Capital Gains Tax

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