Sure, here are the answers:
The tax burden of France is about: Answer: b. 45% GDP
Why is GDP considered to be a poor measurement? Answer: c. It only accounts for economic measurements
A socialist country is likely to have: Answer: a. A high Gini score
In fiscal terms, 'Boiling the Frog' means: Answer: b. Increasing taxes gradually
At the Bretton Woods conference: Answer: a. The dollar was fixed to gold
Who has a high marginal propensity to save? Answer: a. A rich person
Positive Elasticity occurs when: Answer: b. Price and demand move in the same direction
If tobacco tax is high, and people buy cheaper cigarettes in another country, this is called: Answer: b. Tax avoidance
A government will get more money back from investment when: Answer: b. The multiplier effect is high
To see who is lobbying in Europe, I would look at: Answer: a. The Lobbying Transparency Register
The current French government debt is about: Answer: b. 90% GDP
Purchasing Power Parity compares: Answer: a. The purchasing value of a dollar in different countries
'Income in kind' means: Answer: b. Advantages such as a company car
Income tax is: Answer: a. Direct and Progressive
People bricked up their windows to: Answer: b. Avoid paying tax
Geographical inequality is high in: Answer: b. The USA
The Tax Burden measures: Answer: a. The percentage of national income from tax receipts
Which crash occurred in 1929? Answer: c. The Wall Street Crash
If the government increases the Interest Rate: Answer: a. Unemployment increases
If the currency value increases: Answer: a. Exports go down
At the Bretton Woods conference: Answer: a. The International Monetary Fund was created
If the Interest Rate increases: Answer: a. Currency value decreases
Sales are 200. Elasticity is -2. I increase the price by 10%. What are my new sales? Answer: b. 160
HDI means: Answer: a. The Human Development Index
Which of these is a direct tax? Answer: a. Corporation tax
The two major cities where lobbying takes place are: Answer: c. Brussels and Washington
The three main pillars in EU decision-making are: Answer: b. The Parliament, the Council and the Commission
The Gini score for France is about: Answer: b. 45
The International Monetary Fund has helped: Answer: c. Poorer countries get out of debt
VAT is: Answer: b. Indirect and Regressive
Alcohol Duty is: Answer: c. Indirect and Regressive
People under the poverty line: Answer: a. Don't pay taxes
The poverty level in Europe is: Answer: b. Under 60% of the median income
France 'borrows' money by: Answer: c. Issuing 10 year bonds
The rate of interest on government borrowing depends on: Answer: a. The degree of risk
If the government increases the Interest Rate: Answer: c. Consumer consumption decreases
At the Bretton Woods conference: Answer: b. There was disagreement about creating the World Bank
To stimulate the economy, it is better to provide more money to: Answer: c. Citizens with a high marginal propensity to spend
If citizens buy imported goods, the multiplier effect is: Answer: a. Low
A floating loan is when: Answer: b. The Interest Rate goes up or down according to the level of inflation
In which product do we 'tax taxes'? Answer: b. Petrol
If the elasticity of petrol consumption is -0.3 and the government increases fuel duty: Answer: b. Government revenue will increase
IMF restructuring does not include: Answer: c. Providing aid for public services
A government calculates next year's budget by: Answer: a. Taking last year's tax revenue data and adding on the effect of future growth
The top 1% of Americans has about: Answer: b. 40% of US wealth
In-house lobbying is when: Answer: b. You use your own staff to do your lobbying
The PPP of France is about: Answer: c. 1
Sales are 200. Elasticity is -1.5. I decrease the price by 10%. My new sales are: Answer: b. 230
Cross-elasticity is when: Answer: b. When a change in price of one product changes demand for another product
Green GDP measures: Answer: a. GDP minus environmental degradation