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    G9 Sa1 WS4 QP

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    jyotsnatrathod
    The document is a worksheet containing 4 sections with multiple choice and short answer questions about economic concepts such as taxes, competition, monopolies, and unemployment. Section 1 discusses tax revenue and rates in Germany. Section 2 covers falling profits of a UK supermarket due to competition from German firms. Section 3 is about China's salt monopoly and changing demand. Section 4 addresses Greece's economic decline after 2008 in terms of GDP, business closures, unemployment, and proposals to cut corporation tax.

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    G9 Sa1 WS4 QP

    Uploaded by

    jyotsnatrathod
    14 views1 page
    The document is a worksheet containing 4 sections with multiple choice and short answer questions about economic concepts such as taxes, competition, monopolies, and unemployment. Section 1 discusses tax revenue and rates in Germany. Section 2 covers falling profits of a UK supermarket due to competition from German firms. Section 3 is about China's salt monopoly and changing demand. Section 4 addresses Greece's economic decline after 2008 in terms of GDP, business closures, unemployment, and proposals to cut corporation tax.

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    G9_SA1_WS4_QP (1)

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    The document is a worksheet containing 4 sections with multiple choice and short answer questions about economic concepts such as taxes, competition, monopolies, and unemployment. Section 1 discusses tax revenue and rates in Germany. Section 2 covers falling profits of a UK supermarket due to competition from German firms. Section 3 is about China's salt monopoly and changing demand. Section 4 addresses Greece's economic decline after 2008 in terms of GDP, business closures, unemployment, and proposals to cut corporation tax.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    14 views1 page

    G9 Sa1 WS4 QP

    Uploaded by

    jyotsnatrathod
    The document is a worksheet containing 4 sections with multiple choice and short answer questions about economic concepts such as taxes, competition, monopolies, and unemployment. Section 1 discusses tax revenue and rates in Germany. Section 2 covers falling profits of a UK supermarket due to competition from German firms. Section 3 is about China's salt monopoly and changing demand. Section 4 addresses Greece's economic decline after 2008 in terms of GDP, business closures, unemployment, and proposals to cut corporation tax.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Worksheet

    1. Tax revenue from both direct and indirect taxes in Germany rose to US$860 billion in
    2013. The increase was largely due to a fall in unemployment. Germany has a
    progressive tax system. In 2014, German politicians discussed whether the tax rates
    should be increased. Changes in tax rates influence the amount of tax revenue received
    and the nature of the tax system.

    a. Define ‘a progressive tax’. [2]


    b. Explain the difference between direct and indirect taxes. [4]
    c. Discuss whether a government should increase tax rates. [8]

    2. The price of shares in a large UK supermarket firm fell on the London Stock Exchange in
    2014 when it was announced that it was expecting a reduction in its profits. The increased
    competition from German supermarket firms had forced the UK supermarket to consider
    a number of ways of cutting its costs by, for example, reducing some of its workers’ wage
    rates and increasing some workers’ working hours.

    a. Explain why some firms may have survival as a short-term goal. [4]
    b. Analyse how consumers may suffer as a result of a fall in the profits firms earn.
    [6]

    3. A falling death rate is affecting the size of China’s population, which in turn is
    influencing demand for a range of products including table salt. The Chinese Government
    has recently considered ending the state salt monopoly. An online survey, however,
    revealed that most Chinese people oppose introducing more competition into the market,
    thinking it will cause the price of salt to rise.

    a. Define a ‘monopoly’. [2]


    b. Analyse why price can be lower in a monopoly market than in perfect
    competition. [6]

    4. Between 2008 and 2014, Greece’s Gross Domestic Product fell by 25%. Thousands of
    sole proprietors and other business organisations went out of business. As a result, the
    unemployment rate increased to 28%. The Government reduced its spending and was
    being encouraged by the International Monetary Fund to cut its corporation tax (the tax
    on firms’ profits).

    a. Explain two advantages of a sole proprietor. [4]


    b. Discuss whether a cut in corporation tax will increase economic growth. [8]

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