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ScotlandEconomicsQuick questions
UK Economic Activity
Quick questions on Government finance: taxation, spending and the circular flow of income - SQA National 5 Economics
3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
Classify each tax as direct or indirect: income tax, VAT, corporation tax, fuel duty. [2 marks]
What is q2?Show answer
State whether building a new school is current, capital or transfer spending. [1 mark]
What is q3?Show answer
In the circular flow, name one withdrawal and one injection caused by the government. [2 marks]
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