Spin observables for electro- and photoproduction of neutral pions on
the deuteron are derived. The number of independent amplitudes and obs
ervables is discussed and the expression of the observables in terms o
f ratios of cross-section combinations is given. Besides these model-i
ndependent results, approximate symmetries in the observables are disc
ussed. These symmetries become apparent when some simplifying assumpti
ons are made. The latter are relevant, as the full model gives results
that are in many cases close to the results for the simplified model.