WorksheetsEconomia 4 Eso Simulation semester1
Total questions: 33
Worksheet time: 14hrs 33mins
What is a budget?
A type of tax
A plan of income and expenses
A bank loan
A stock market tool
Why is a budget important?
To pay more taxes
To control money and expenses
To buy stocks
To increase prices
What is income?
Money you spend
Money you borrow
Money you earn
Money you save in a bank
Which is a fixed expense?
Food
Electricity
Rent
Entertainment
Which expense usually changes every month?
Rent
Mortgage
Internet
Food
What are variable expenses?
Expenses that never change
Expenses paid once a year
Expenses that change over time
Expenses paid to the government
What is an expenses pie chart used for?
To calculate taxes
To show expenses as percentages
To save money
To pay bills
In a pie chart, each slice represents:
A tax
A salary
A type of expense
A loan
If one slice is very big, it means:
That expense is small
That expense is the largest
There is no budget
The chart is wrong
Why are pie charts useful?
They are cheaper
They are mandatory
They are easy to understand
They reduce expenses
What is a tax?
Money saved in a bank
Money paid to the government
Money borrowed from a bank
Money earned at work
What is a direct tax?
A tax on products
A tax paid directly by people
A tax on services only
A tax paid by companies only
Which is a direct tax?
VAT
Income tax
Sales tax
Fuel tax
What is an indirect tax?
A tax on income
A tax paid directly to the state
A tax included in the price of products
A tax only for workers
Which is an indirect tax?
Income tax
Property tax
VAT
Salary tax
What is income tax?
A tax on spending
A tax on savings
A tax on money you earn
A tax on companies only
What are income tax brackets (bricks)?
Fixed taxes for everyone
Different tax rates for different income levels
Taxes on houses
Taxes on products
People with higher income usually:
Pay lower tax rates
Pay no taxes
Pay higher tax rates
Pay only indirect taxes
What is a loan?
Money you save
Money you earn
Money you borrow and must repay
Money paid as tax
Who usually gives a loan?
A worker
A shop
A bank
The government
What is interest?
The money saved
Extra money paid for borrowing(the price of money)
A tax
A discount
What is a mortgage?
A short-term loan
A loan to buy a house
A tax on property
A type of rent
What is the main difference between a loan and a mortgage?
Mortgages are for houses
Loans are free
Mortgages have no interest
Loans last longer
What does it mean to rent a house?
To buy a house
To live in a house you do not own
To invest in property
To pay a mortgage
What does buying with a mortgage mean?
Paying rent forever
Borrowing money to buy a house
Renting from a bank
Paying no interest
One advantage of renting is:
You own the house
Less long-term commitment
You never pay monthly
It is always cheaper
One advantage of a mortgage is:
No interest
You can change house every month
You become the owner
You pay nothing
What are stocks?
Bank loans
Government taxes
Parts of a company
Types of rent
When you buy stocks, you:
Lend money to the government
Own part of a company
Pay a tax
Rent a business
Investing in stocks is:
Always safe
Always risky
Risk-free
Can have risks and benefits
Supply and Demand – Equilibrium (Calculation)
The demand and supply equations for a product are:
Demand: Qd = 100 − 2P
Supply: Qs = 20 + 2P
What is the equilibrium price (P) and equilibrium quantity (Q)?
P = 10 and Q = 80
P = 15 and Q = 70
P = 20 and Q = 60
P = 25 and Q = 50
Mortgage Monthly Payment (Calculation)
A student wants to buy a house with a mortgage.
Loan amount: €120,000
Annual interest rate: 6%
Time: 20 years
€460
€550
€600
€860
A worker in Catalonia earns a gross income of €70,000 per year
How much approximate net income?
Spain Personal Income Tax Brackets (2025)
Up to €12,450: 19%
€12,451 – €20,200: 24%
€20,201 – €35,200: 30%
€35,201 – €60,000: 37%
€60,001 – €300,000: 45%
Over €300,000: 47%
€44,000
€46,000
€47,600
€50,000
