Personal Finance Topic 2 Personal Finance 1 What
- Slides: 5
Personal Finance Topic 2
Personal Finance 1. What will happen to the following if the government increases taxes? a) b) c) d) To people’s spending – increase or decrease To people’s disposable income - increase or decrease Economic growth - increase or decrease Unemployment - increase or decrease 2) If people’s hours are cut at work, what is likely to happen to the following? a) b) c) d) Their income - increase or decrease The amount they give to charity - increase or decrease The amount they pay to the government in tax = increase or decrease The amount they save - increase or decrease 3) Select from the list below which are said to be long term prudent financial things to do for an individual to do: a) b) c) d) e) f) Take out a pension Save for the future Max out on credit cards Live within your means Take out pay day loans Invest money
Sectors and Charities 1. What is the: a) Private sector b) Public sector c) Third sector 2) What is corporate responsibility? 3) What is a social enterprise? 4) What is the Salvation Army? 5) What tax do private businesses (ltd & plc) pay to the government, which can then be used in the economy by the government? 6) What is economic growth? 7) How do charities and socially responsible firms indirectly help the government from a welfare point of view? 8) In a communist economy who makes all the decisions and owns everything? 9) What is another word for an economic downturn? 10) What is payroll giving?
Personal Finance 1. What will happen to the following if the government increases taxes? a) b) c) d) To people’s spending – increase or decrease To people’s disposable income - increase or decrease Economic growth - increase or decrease Unemployment - increase or decrease 2) If people’s hours are cut at work, what is likely to happen to the following? a) b) c) d) Their income - increase or decrease The amount they give to charity - increase or decrease The amount they pay to the government in tax = increase or decrease The amount they save - increase or decrease 3) Select from the list below which are said to be long term prudent financial things to do for an individual to do: a) b) c) d) e) f) Take out a pension Save for the future Max out on credit cards Live within your means Take out pay day loans Invest money
