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fiscal policy
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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)
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- Description
- how contractionary and expansionary fiscal policy is used to help the economy
- Created by
- Ella Kuwornu
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