Chapter 22- policies Flashcards

1
Q

disposable income

A

is personal income after tax

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2
Q

net injection

A

a positive amount for which total injections exceed total leakages

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3
Q

net leakage

A

a positive amount for which total leakage exceed total injections

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4
Q

national debt

A

cumulative total of public sector debt outstanding

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5
Q

austerity

A

involves spending cuts, tax increases, which reduce the extent to which the govt. needs to borrow.

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6
Q

deregulation

A

means reducing rules and regulations which inhibit private enterprise.

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7
Q

privatisation

A

means selling public sector bodies in the hope that competition will make them more efficient.

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8
Q

targets for govt

A
inflation predictable
employment high (min 4%)
growth
trade (exports =imports)
equity (fair between citizens)
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