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Economic methodology Categorise
Target Level
C
Running Total
0
0%
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'.
Normative statements
Positive statements
People
in the UK should save more money for retirement.
The
UK government is no longer a member of the European Union.
Unemployment
can be caused by changes in seasons.
Corporate
taxes are too high.
The
best level of tax is zero per cent because it will stimulate consumption
expenditure.
In
2021, UK government reduced VAT from 20 per cent to 5 per cent.
VAT
is an example of an indirect tax.
Government
should prioritise reducing unemployment than price level.
Rich
people deserve to be taxed heavily.
Direct
taxes such as Pay As You Earn (PAYE) are taxes on one’s income.