government policies and taxation

Question 1

types of government spending

Answer 1

-capital spending
-welfare spending
-current spending
-debt intrest payments

Question 2

reasons for governemnt spending

Answer 2

-influence macroeconomy
-reduce income inequality
-correct market failure

Question 3

types of taxation

Answer 3

-indirect taxation
-specific (cigarette/alcohol duty etc.)
-advalorant(VAT)
-direct
-income/corporation etc.