Unit 4.3 - Paper 2 Exam Practice Questions
Unit 4.3 - Paper 2 Exam Practice QuestionsAnswers(a) Define the term fiscal policy. [2](b) Give two examples of sources of government revenue, other than taxation. [2]Possible answers could include:(c) Explain why transfer payments are an example of government spending. [2](d) State two functions of taxation. [2](e) Explain two reasons why a budget deficit tends to occur during an economic recession. [4]
To access the contents of this site, you must subscribe.