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Make up the sentences from two parts
| 1. Government spending is 2. Spending and taxing, 3. Whereas a sales tax is raised only when a final good is sold to the consumer, 4. The governments in northern Europe often give out freely a great share of gross output privately produced as public goods, 5. What is not paid as corporate taxes or saved by firms 6. Social security payments and unemployment benefits are 7. Every firm in Ukraine is required to allocate two percent of the amount to be paid out as wage 8. A state retirement pension in most European countries is | a. Goes to households as employees, owners, or renters. b. Payable to woman at the age of 60 and men at the age of 65 c. The VAT is raised at different stages of the production process. d. The sum of government purchases of goods and services and transfer payments. e. As its contribution to the Fund of Obligatory Medical Insurance (страхование) f. Those comprise medical services, school, child care, public transport, national defence. g. Believed to reduce incentives to work since they contribute to income. h. The government pays an essential role in allocating resources in the economy |
Translate the following sentences from English into Ukrainian using the active vocabulary of the text Taxes and Public Spending
1. Taxes of the firm to central government (corporation tax) plus taxes to local government (tax on the property the Arm owned) were expected to come to £25.000 that year.
2. Part of the income of households is taxed by the government, which reduces the income share to be allocated to consumption expenditure.
3. Less efficient resource allocation is believed to result from raising the additional taxation revenue necessary to fund government programmes.
4. Aggressive US subsidisation of production and exports of farm products was followed by that of other exporting countries, mainly the European Community and Canada, which resulted in competitive subsidization and price discrimination.
5. Levying taxes or borrowing, governments pay for the goods they buy and for the transfer payments they make.
6. In a mixed economy, the government is known to control a considerable share of output through taxation, transfer payments, and such services as defence and the police force.
7. Unemployment benefit systems are said to vary considerably from country to country.
8. The purpose of that book is to show that there are limitations in the economy that no person and no policy can overcome.
9. Both those who provide capital for a new business and those who have the business are known to bear the risk whereas workers of businesses are not expected to bear any risk.
10. Social security programmes may comprise retirement pensions, invalidity benefits, child benefits paid for every child in a family, housing benefits for low income households, etc.
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