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WorksheetsThe Role Of The Government
Total questions: 13
Worksheet time: 7mins
Which of the following is not a role of government?
Allocative role
Regulatory role
Redistributive role
Microeconomic management
Australia has a higher percentage of public sector employment than the OECD
True
False
Which of the following is the greatest source of revenue for the federal government?
Company tax
Customs duty
Income tax
Goods and services tax
What is the greatest source of expenditure for the federal government?
Defence
Health
Education
Social welfare
If the government is spending less than it is receiving, then it is a running a:
Budget deficit
Budget surplus
Balanced budget
Which of the following is not an objective of the government:
An efficient allocation of resources
An equitable distribution of income
The allocation of goods and services
Sustainable economic growth
Which of the following best describes gross income:
Wages, salaries, superannuation
Prviate income + government welfare payments
Private income - taxes
Disposable income + government subsidies
Which of the following pictures best illustrates discrimination as a cause of income inequality:
Which of the following statements are true in regards to income and wealth inequality:
The top 20% of Australians own 40% of the income
The top 20% of Australians own 40% of private wealth
The lowest 20% of Australians own 10% of the income
The lowest 20% of Australians own 10% of private wealth
True or False: The higher the Gini Coefficient, the better the income distribution of a nation:
True
False
The country with the worst Gini Coefficient currently is:
North Korea
Brazil
China
Chile
Which of the following is an example of a direct tax:
GST
Excise tax
Carbon tax
Capital Gains tax
Which of the following is an example of a proportional tax:
GST
Income tax
Company tax
Excise tax
