Economics Projects for SS2

The compulsory levy imposed by the government or its agency on individuals and firms or goods and services is called

The act or method of imposing compulsory levy by the government or its agency on individuals and firms or goods and services is called

The item or object on which tax is levied is called

The rate of tax to be paid on tax base or object is called

The type of income derived after tax has been deducted from gross income is called

The financial activities of the government as they related to revenue or income, expenditures and debt operation and their overall effect on the economy is known as

The use of income and expenditure instruments to regulate economic activities

The total income accrues to all levels of administration or government from various sources is called

The financial activities that concern borrowing and lending, receiving and spending of the federal, states , local government and their agencies.

The following are instruments of fiscal policy, except

• Revenue

• Taxation

• Expenditure

• National budget