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Match the budget term

Exercise and reference answers

Matching pairs
  1. Left
    Revenue receipt
    Right
    Income that creates no liability
  2. Left
    Capital receipt
    Right
    Receipt that borrows or sells assets
  3. Left
    Direct tax
    Right
    Falls on income of person or firm
Instructions
Match each term to what it means.

Explanation

_Source: syllabus Introductory Macroeconomics, Ch 5 'Government Budget and the Economy'_
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