Theme 4 AO2 Flashcards
1
Q
The UK government spend £50mil on a new hospital. What type of expenditure is this?
A
Capital expenditure.
2
Q
The UK government must continuously pay for the energy bills to give a hospital power. What kind of expenditure is this?
A
This is current expenditure.
3
Q
The government increase JSA by 2%. What type of payment is this?
A
A transfer payment.
4
Q
What type of regional trade agreement in NAFTA?
A
A Free trade area (FTA).
5
Q
What type of regional trade agreement is ASEAN?
A
A free trade area (FTA)
6
Q
What type of regional trade agreement is the EU?
A
A customs union.
