9.2.4g What societal values underlie social programs in Canada and the United States?
9.2.6a How do the economic platforms of political parties differ from one another (i.e., Democrat versus Republican; Liberal versus Conservative)?
9.2.6b How is a political party's philosophy reflected in its platform (i.e., social programs, specific taxes, taxation model)?
9.2.6c How does the underground economy impact the federal and provincial tax base and social programs (i.e., tax evasion, black market)?
black market - another term for underground economy
Goods and Services Tax (GST) - a federal sales tax in Canada
health insurance - an agreement by a company to pay for your health services, in exchange for a fee that you pay each month or each year
income tax - tax based on a percentage of a person’s income
median - a concept instatistics that means the middle number in a set of data organized in order of least to most
private health care - health care paid for by individuals
profit - money made from a product or service above and beyond the cost of providing the product or service
public health care - health care paid for by taxes
sales tax - tax paid at the time of buying a product or service, and based on a percentage of the price of the product or service
social programs - services provided by government to reduce economic inequalitites and promote the well-being of citizens
tax base - all the economic activity in a society, taxed by government to pay for services
tax evasion - misrepresenting what you earn to avoid paying taxes
taxation model - a policy of a political party or government about what to tax (e.g., incomes, purchases), how much to tax and how to spend taxes
underground economy - economic activity based on buying and selling products and services illegally
universal health care - a health care system that provides quality medical services to all citizens regardless of their ability to pay
values - beliefs about what is important
ex: beliefs about democracy, respect, accountability and peace.