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⚠️ Test Running in Guest Mode

Important: Your final mark will not be saved.

The basic economic problem Categorise

Target Level

Running Total

Attempt

1 of 1

Click on an item, then click on a category to place it. Or, drag and drop the item into the correct category. Organise all items before clicking 'Check'.

Categorise the following statements into normative statements and positive statements.

Normative statements

Positive statements

The UK government is no longer a member of the European Union.

Corporate taxes are too high.

Government should prioritise reducing unemployment than price level.

Unemployment can be caused by changes in seasons.

VAT is an example of an indirect tax.

People in the UK should save more money for retirement.

In 2021, UK government reduced VAT from 20 per cent to 5 per cent.

Direct taxes such as Pay As You Earn (PAYE) are taxes on one’s income.

The best level of tax is zero per cent because it will stimulate consumption expenditure.

Rich people deserve to be taxed heavily.

This is your 1^st attempt! You get 1 marks for each one you get right first time. Good luck!

Pass Mark

70%