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The basic economic problem Categorise

Target Level

Running Total

Attempt

1 of 1

Organise the items below into their correct category.

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.

Unemployment can be caused by changes in seasons.

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

Government should prioritise reducing unemployment than price level.

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

Corporate taxes are too high.

People in the UK should save more money for retirement.

VAT is an example of an indirect tax.

Rich people deserve to be taxed heavily.

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

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

Pass Mark

70%