Practice - Public Revenue
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Practice Questions
Test your understanding with targeted questions
What are the two main categories of taxes?
💡 Hint: Think about how the government collects money from individuals directly and indirectly.
Give an example of non-tax revenue.
💡 Hint: Consider payments that don’t come from taxes.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What are the two main categories of taxes?
💡 Hint: Think about how taxes are collected.
True or False: Non-tax revenue can include fines and fees.
💡 Hint: Recall what qualifies as non-tax revenue.
2 more questions available
Challenge Problems
Push your limits with advanced challenges
A government has a budget deficit of $500 million and has a plan to cover this by issuing bonds. If these bonds yield a 5% interest rate compounded annually, how much will the government owe after 5 years?
💡 Hint: Consider how interest accumulates over time on loans.
Evaluate the impact of increasing direct taxes by 10% on the public revenue and how this could influence individual spending behavior.
💡 Hint: Think about the relationship between income and spending.
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Reference links
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