Mindmap
fiscal policy
Inhalt der Mindmap
fiscal policy
fiscal policy is the use of taxation and government spending to influence the level of economic growth
goverment spending
- pensions :the government pays out to those over the retirement age if they have contributed to NI
- healthcare(18% of spending)
- welfare (14% of spending) includes protecting society and spending on family and children e.g child benefit,unemployment and housing benefit
- education(11% of spending)
Informationen
- Beschreibung
- how contractionary and expansionary fiscal policy is used to help the economy
- Erstellt von
- Ella Kuwornu
- Aufrufe
- 21
- Tags
- Bewertung