Question 1

Health care has become an increasingly large portion of total government spending, due in part to an aging population.

Accepted Answer

A) True 
B) False 
C) Uncertain 
A) True 
B) False 
C) Uncertain

Question 2

The Constitution Act has provisions for local governments' taxing and spending powers.

Accepted Answer

A) True 
B) False 
C) Uncertain 
A) True 
B) False 
C) Uncertain

Question 3

Expenditures, as a percentage of GDP for Canada, are not very different from those of other developed countries.

Accepted Answer

A) True 
B) False 
C) Uncertain 
A) True 
B) False 
C) Uncertain

Question 4

Public finance

Accepted Answer

A) only works for local and provincial governments. 
B) develops principles for understanding the government's taxing and spending activities. 
C) is not like public economics. 
D) all of these answer options are correct. 
A) only works for local and provincial governments. 
B) develops principles for understanding the government's taxing and spending activities. 
C) is not like public economics. 
D) all of these answer options are correct.

Question 5

Property taxes are a major financing tool at the provincial and local government level.

Accepted Answer

A) True 
B) False 
C) Uncertain 
A) True 
B) False 
C) Uncertain

Question 6

In 2009, represented the largest portion of total government (all levels of government)spending

Accepted Answer

A) social services 
B) health 
C) protections of persons and property 
D) education 
A) social services 
B) health 
C) protections of persons and property 
D) education

Question 7

In 2009, the federal government received most of its revenue from

Accepted Answer

A) property taxes. 
B) sales taxes. 
C) personal income taxes. 
D) payroll taxes. 
A) property taxes. 
B) sales taxes. 
C) personal income taxes. 
D) payroll taxes.

Question 8

At the end of fiscal year 2014, the federal government's net public debt was around

Accepted Answer

A) $682 trillion. 
B) $682 thousand. 
C) $682 million. 
D) $682 billion. 
A) $682 trillion. 
B) $682 thousand. 
C) $682 million. 
D) $682 billion.

Question 9

In evaluating changes in the growth of government, economists take into account

Accepted Answer

A) population growth. 
B) inflation. 
C) size of the economy. 
D) all of these answers are correct. 
A) population growth. 
B) inflation. 
C) size of the economy. 
D) all of these answers are correct.

Question 10

The federal government accounts for of government spending at all levels.

Accepted Answer

A) most 
B) two-thirds 
C) one-third 
D) half 
A) most 
B) two-thirds 
C) one-third 
D) half

Question 11

Government bills to tax and to spend must originate in the Senate.

Accepted Answer

A) True 
B) False 
C) Uncertain 
A) True 
B) False 
C) Uncertain

Question 12

A very small portion of government expenditures is financed by taxes.

Accepted Answer

A) True 
B) False 
C) Uncertain 
A) True 
B) False 
C) Uncertain

Health care has become an increasingly large portion of total government spending, due in part to an aging population.

The Constitution Act has provisions for local governments' taxing and spending powers.

Expenditures, as a percentage of GDP for Canada, are not very different from those of other developed countries.

Public finance

Property taxes are a major financing tool at the provincial and local government level.

In 2009, represented the largest portion of total government (all levels of government)spending

In 2009, the federal government received most of its revenue from

At the end of fiscal year 2014, the federal government's net public debt was around

In evaluating changes in the growth of government, economists take into account

The federal government accounts for of government spending at all levels.

Government bills to tax and to spend must originate in the Senate.

A very small portion of government expenditures is financed by taxes.

Fundamentals of Welfare Economics

Cost-Benefit Analysis

Public Goods

Externalities

Income Redistribution

Public Choice

Fiscal Federalism

Health Care

Employment Insurance

Public Pensions

Social Welfare Programs

Education

Taxation and Income Distribution

Taxation and Efficiency

Efficient and Equitable Taxation

The Personal Income Tax

Personal Taxation and Behaviour

Consumption Taxation

Taxes on Wealth and Property

The Corporation Tax

Filters

Exam 1: Introduction to Public Finance in Canada

Health care has become an increasingly large portion of total government spending, due in part to an aging population.

The Constitution Act has provisions for local governments' taxing and spending powers.

Expenditures, as a percentage of GDP for Canada, are not very different from those of other developed countries.

Public finance

Property taxes are a major financing tool at the provincial and local government level.

In 2009, represented the largest portion of total government (all levels of government)spending

In 2009, the federal government received most of its revenue from

At the end of fiscal year 2014, the federal government's net public debt was around

In evaluating changes in the growth of government, economists take into account

The federal government accounts for of government spending at all levels.

Government bills to tax and to spend must originate in the Senate.

A very small portion of government expenditures is financed by taxes.

Fundamentals of Welfare Economics

Cost-Benefit Analysis

Public Goods

Externalities

Income Redistribution

Public Choice

Fiscal Federalism

Health Care

Employment Insurance

Public Pensions

Social Welfare Programs

Education

Taxation and Income Distribution

Taxation and Efficiency

Efficient and Equitable Taxation

The Personal Income Tax

Personal Taxation and Behaviour

Consumption Taxation

Taxes on Wealth and Property

The Corporation Tax

Filters