3E Economics par. 9.2, 9.3, 9.4 and 9.5

Par. 9.1 assignment 9a
A
smaller, 20 / 2
B
larger, 20 / 2
C
smaller, 1.750 / 500
D
larger, 1.750 / 500
1 / 19
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Slide 1: Quiz
EconomieMiddelbare schoolvwoLeerjaar 3

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Par. 9.1 assignment 9a
A
smaller, 20 / 2
B
larger, 20 / 2
C
smaller, 1.750 / 500
D
larger, 1.750 / 500

Slide 1 - Quiz

Par. 9.1 assignment 11d
A
170
B
170 - 20
C
170 - 100
D
170 - 120

Slide 2 - Quiz

Page 281
How many percent of the total income the poorest 80% of Brazil earn ( f.e. lay out answer 10,0% )

Slide 3 - Question ouverte

The income distibution in The Netherlands is ... than in Brazil
A
less fair
B
fairer
C
less equal
D
more equal

Slide 4 - Quiz

Primary income: rewards for the production factors
( wages, rent, lease, interest, profit )

The distribution of primary incomes in a country can be skewed
( f.e. difference in education, difference in assets )

Slide 5 - Diapositive

Secondary income =

Primary income - Taxes + Benefits


Distribution of secondary income is less skewed than that of primary income

Slide 6 - Diapositive

Progressive taxation system
A
higher incomes pay lower taxes than lower incomes
B
higher incomes pay higher taxes than lower incomes
C
higher incomes pay lower tax % than lower incomes
D
higher incomes pay higher tax % than lower incomes

Slide 7 - Quiz

Distribution of secondary income is less skewed than that of primary income, equalisation of income:

- progressive taxation system
- People with lower incomes receive benefits
( f.e. unemployed / disabled )

Slide 8 - Diapositive

During an economic slump the demand for goods ....(1) the supply of goods.
This means unemployment will ...(2)
A
1 < 2 decrease
B
1 < 2 increase
C
1 > 2 decrease
D
1 > 2 increase

Slide 9 - Quiz

Disadvantages unemployment:

- personal and social unrest
- financial deficit government
- lower wages
- unemployment leads to more unemployment

Slide 10 - Diapositive

slump, recession, depression
Unemployment
/                                \
Less demand for labour                        Less income
     \                                          /
Lower production         _          Less expenditures

Slide 11 - Diapositive

Anti Cyclical government policy during a slump:

- decrease taxes
( higher net income )

- increase government spending
( snowball effect )


Slide 12 - Diapositive

When the interest rate is high, people are ...(1) willing to save. This means they will spend ...(2)
A
1 less 2 less
B
1 less 2 more
C
1 more 2 less
D
1 more 2 more

Slide 13 - Quiz

Role ECB

During an economic slump the ECB will lower interest rates:

- people will save less and spend more
- people will borrow more and spend more

Slide 14 - Diapositive

During an economic boom the demand for goods ....(1) the supply of goods.
This means prices and wages will ...(2)
A
1 < 2 decrease
B
1 < 2 increase
C
1 > 2 decrease
D
1 > 2 increase

Slide 15 - Quiz

A negative effect of an economic boom is inflation.
This leads to:

- decrease in purchasing power
- decrease in international competitiveness

Slide 16 - Diapositive

During an economic boom the government should ...(1) taxes and ...(2) government spending
A
1 decrease 2 decrease
B
1 decrease 2 increase
C
1 increase 2 decrease
D
1 increase 2 increase

Slide 17 - Quiz

During an economic boom the ECB will ...(1) interest rates, so people will spend ...(2)
A
1 lower 2 less
B
1 lower 2 more
C
1 increase 2 less
D
1 increase 2 more

Slide 18 - Quiz

Hw.
Par. 9.2 assignment 1
Par. 9.3 assignment 3
Par. 9.4 assignment 6
Par. 9.5 assignment 4

Slide 19 - Diapositive