Question

1. Differences between regressive and progressive programs?

2. Why it is hard to estimate the distributional impact of a program? Name tworeasoned

3. What is rick assessment? Name and explain its steps

Answer 1

1. In progressive program of paying tax there is a symmetrical distribution of tax. In this case the rich pays more and the poor pays less tax. For ex. Tax in USA varies from 10% to 39.5% according to tge income of consumer.

- In regressive program of paying tax everyone whether rich or poor pays equal tax , here hence rich pays lower portion where as poor pays a large portion.

2. It is a little hard to estimate distributional impact as :-

1. We can't estimate the no. Of poor and rich in the society. The rich earn more show less to save tax.
2. There are many exempted incomes and therefore consuner tends to show their income in those exempted incomes hence impact is not known.

3. Risk assessment is examining our infrastucture or business for taking various measures for preventing any harm to the people of the company (usually where business is risky).

- Steps :-

1. Identity the problem / hazards.
2. See who mighy get harmed.
3. Evaluate the risk and take measures to prevent it
4. Implementation of the measures to prevent risk.
5. Evaluating the work after implementation.