Public Finance in Canada 5th Edition Test Bank

Public Finance in Canada 5th Edition Test Bank makes learning easy with a structured format, concise explanations, and plenty of practice material.

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ExamName___________________________________MULTIPLE CHOICE.Choose the one alternative that best completes the statement or answers the question.1)Public finance1)_______A)only works for local and provincial governments.B)is not like public economics.C)develops principles for understanding the government's taxing and spendingactivities.D)all of these answer options are correct.2)Key areas of provincial responsibility include2)_______A)education.B)health.C)welfare.D)all of these answers are correct.3)________ are exclusively the domain of provincial and local governments, and thefederal government does not receive any revenue from this source.3)_______A)Sales taxesB)Payroll taxesC)Property taxesD)Personal income taxes4)In 2009, provincial and local governments received the largest amount of revenue from4)_______A)personal income taxes.B)payroll taxes.C)property taxes.D)sales taxes.5)In 2009, the federal government received most of its revenue from5)_______A)property taxes.B)personal income taxes.C)payroll taxes.D)sales taxes.6)The federal government accounts for ________ of government spending at all levels.6)_______A)two-thirdsB)one-thirdC)mostD)half7)At the end of fiscal year 2014, the federal government's net public debt was around7)_______A)$682 billion.B)$682 million.C)$682 thousand.D)$682 trillion.8)Complications in the computation of government expenditures arise because8)_______A)government provides goods that have no resale value.B)accounting decisions affect the outcome.C)secrets are kept about what is spent.D)government is so large.9)In evaluating changes in the growth of government, economists take into account9)_______A)population growth.B)inflation.C)size of the economy.D)all of these answers are correct.10)If the size of government triples but at the same time the economy doubles, then therelative size of government has10)______A)remained constant.B)shrunk.C)grown.D)no relevance.11)In 2009, ________ represented the largest portion of total government (all levels ofgovernme

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Public Finance in Canada 5th Edition Test Bank

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