Assignments Chapter 4

Macroeconomics © John Petroff Source: PEOI

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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.

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