fiscal policy

Descripción

how contractionary and expansionary fiscal policy is used to help the economy
Ella Kuwornu
Mapa Mental por Ella Kuwornu, actualizado hace más de 1 año
Ella Kuwornu
Creado por Ella Kuwornu hace más de 5 años
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Resumen del 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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