Gr 9 Economics 2nd Term Revision
Q1: All MCQs in chapter 30, 31, 32 &
33.
Q2 Lorenz curve, PPC Curve
Q3 The impact of Fiscal and monetary
policy on macroeconomics objectives.
Q4: Calculate the tax on the given
income.
Qno 1: Define following terms.
Base rate
Aggregate demand
Aggregate supply
Lorenz curve
Quantitative easing
Supply side policies
Direct taxes
Indirect taxes
Absolute poverty
Relative poverty
Regressive taxation
Progressive taxation
Privatisation
Inflation
Economic growth
PPC
Mortgage
VAT
Contractionary fiscal policy
Expansionary fiscal policy
Fiscal Surplus
Fiscal Deficit
Interest rate
National debt
Reserve Requirements
Deregulation
Monetry policy
Fiscal policy
Q no 2: Draw Lorenz curve
Q no 3: Discuss role of Fiscal and monetary policy to achieve macroeconomic objectives.
Q no 4: Calculate progressive rate of taxation if income is $70000.
If rate of tax on
Income
Tax Rate
Up to $10000
0%
Between $10001 and $30000
10%
Between $30001 and $80000
15%
Show your working
Note: Solve All Activities and Chapter questions.