government spending Flashcards
1
Q
what is the debt now for government
A
2.4 trillion
2
Q
what is ghost tax
A
national insurance
3
Q
what is the finial deficit
A
When you spend more than you tax it is called a finial deficit which is payed for by bank of england and the world bank
4
Q
what are the main influences on government spending
A
The trade cycle
Fiscal policy
5
Q
what are the government when the gdp falls
A
automatic stabilisers
6
Q
what are the effects of boom om government
A
Tax receipts - will increase
7
Q
the formula muplitper
A
K = 1 / MPW
