fiscal policy

Descrição

how contractionary and expansionary fiscal policy is used to help the economy
Ella Kuwornu
Mapa Mental por Ella Kuwornu, atualizado more than 1 year ago
Ella Kuwornu
Criado por Ella Kuwornu mais de 5 anos atrás
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Resumo de Recurso

fiscal policy
  1. fiscal policy is the use of taxation and government spending to influence the level of economic growth
    1. goverment spending
      1. pensions :the government pays out to those over the retirement age if they have contributed to NI
        1. healthcare(18% of spending)
          1. welfare (14% of spending) includes protecting society and spending on family and children e.g child benefit,unemployment and housing benefit
            1. education(11% of spending)

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