View
52
Download
0
Category
Tags:
Preview:
DESCRIPTION
AP Economics. Mr. Bernstein Module 20 : Fiscal Policy: The Basics (p 202-204 and p 499) September 30, 2013. AP Economics Mr. Bernstein. Expanded Circular Flow Diagram. AP Economics Mr. Bernstein. Governments and their economies. AP Economics Mr. Bernstein. Fiscal Policy - PowerPoint PPT Presentation
Citation preview
AP Economics
Mr. Bernstein
Module 20: Fiscal Policy: The Basics
(p 202-204 and p 499)
October 2015
2
AP EconomicsMr. Bernstein
Expanded Circular Flow Diagram
3
AP EconomicsMr. Bernstein
Governments and their economies
4
AP EconomicsMr. Bernstein
Fiscal Policy• Taxes, USA, 2008
5
AP EconomicsMr. Bernstein
Fiscal Policy• Government Spending
6
AP EconomicsMr. Bernstein
Fairness and Taxation – what is a “Fair Share”?• Proportional Tax - one rate, regardless of income
level• No tax breaks for charity, home mortgage, etc.• Popularly labeled “Flat Tax”
• Progressive Tax – rates are higher for higher earners
• Regressive Tax – rates are higher for lower earners
Recommended