Chapter 22- policies Flashcards
1
Q
disposable income
A
is personal income after tax
2
Q
net injection
A
a positive amount for which total injections exceed total leakages
3
Q
net leakage
A
a positive amount for which total leakage exceed total injections
4
Q
national debt
A
cumulative total of public sector debt outstanding
5
Q
austerity
A
involves spending cuts, tax increases, which reduce the extent to which the govt. needs to borrow.
6
Q
deregulation
A
means reducing rules and regulations which inhibit private enterprise.
7
Q
privatisation
A
means selling public sector bodies in the hope that competition will make them more efficient.
8
Q
targets for govt
A
inflation predictable employment high (min 4%) growth trade (exports =imports) equity (fair between citizens)
