Q.1. A budget deficit occurs when: (a) there is an increase in taxation. (b) government spends less than is generated by taxation. (c) government spending is very high. (d) Government spends more than is generated by taxation.
Good day . can you please assist on the following question below
Multiple-choice questions: Select one correct answer for each of the following.
Q.1. A budget deficit occurs when:
(a) there is an increase in
(b) government spends less than is generated by taxation.
(c) government spending is very high.
(d) Government spends more than is generated by taxation.
Q.2. An example of an indirect tax is:
(a) income tax.
(b) secondary tax on dividends.
(c) company tax.
(d) value added tax.
Q.3. Which one of the following statements is INCORRECT?
(a) Provincial government forms part of the public sector.
(b) Central government forms part of general government.
(c) Provincial government forms part of the general government.
(d) Public corporations form part of general government.
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