Macroeconomics  © John Petroff

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Assignments for Macroeconomics Chapter 4

Assignment #1:  Study the functional and personal distribution of income.
Indicate how these can affect the overall level of economic
activity.

Assignment #2: Compare the various forms of business organization. Prove that
the corporate form is dominant in any capitalistic society.

Assignment #3: Outline the 2 principles of taxation. Give examples of each.
Show how the principles are applied in income and sales taxes.

Assignment #4:  Explain what is the incidence of a tax. Show how the incidence
of various taxes is indeed shifted.

Assignment #5: Outline the major revenue sources and expenses of the Federal
Government. Do the same for state and local governments.