Government Finance

Question 1

TAXATION

Why do Governments Tax?

Answer 1

Question 2

TAXATION

Direct v Indirect Taxes?

Answer 2

Question 3

TAXATION

Progressive v Regressive Taxes?

Answer 3

Question 4

TAXATION

Disposable v Discretionary Income

Answer 4

Question 5

GOVERNMENT SPENDING

What are the reasons for Government spending?

Answer 5

Question 6

GOVERNMENT SPENDING

Current spending v Capital spending v Transfer spending

Answer 6

Question 7

GOVERNMENT SPENDING

What is Austerity measures?

Answer 7

Question 8

GOVERNMENT SPENDING

What is Expansionary spending?

Answer 8

Question 9

BUDGET

What is a Government Budget?

Answer 9

Question 10

BUDGET

What are the benefits of a Budget Deficit?

Answer 10

Question 11

BUDGET

Budget Deficit v Budget Surplus

Answer 11

Question 12

BUDGET

Describe ways to reduce a budget deficit

Answer 12

Question 13

BUDGET

What is the link between budget deficit and INFLATION

Answer 13

Question 14

BUDGET

What is the link between budget deficit and UNEMPLOYMENT

Answer 14

Question 15

BUDGET

Describe what is meant by Scotland’s budget deficit?

Answer 15

Question 16

BUDGET

Describe factors which may have caused Scotland's budget deficit to be higher than the rest of the UK.

Answer 16

Question 17

BUDGET

Difference between National Debt and Budget Deficit

Define the following terms:
- PSNCR
- National Debt

Answer 17

Question 18

BUDGET

Explain the impact of the weak exchange rate of Sterling on the UK Balance of Payments

Answer 18