Fiscal policy
Government budgets, taxation, government spending and fiscal policy measures and their effects on macroeconomic aims.
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Resources for Fiscal policy.
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Why do government spend
There are many reasons for government spending. These can be
Open resource →Revision NotesIndirect taxes | Value added tax, excise duty
Indirect tax (such as sales tax, value added tax (VAT) , or goods and services tax (GST) ) is a tax collected by an intermediary (such as a retail store)…
Open resource →Revision NotesGovernment spending or expenditure
Government spending or government expenditure is classified by economists into three main types.
Open resource →Revision NotesDirect taxes | types of direct taxes
Taxes which are collected directly from income and wealth are known as direct taxes.
Open resource →Revision NotesClassification of taxes | progressive, regressive, proportional
A progressive tax is a tax imposed so that the tax rate increases as the amount subject to taxation increases.
Open resource →Revision NotesProblems with Fiscal Policy
Raising taxes on income and profits reduce work incentives, employment and economic growth.
Open resource →Revision NotesFiscal policy and how it works
Fiscal policy refers to government policy that attempts to influence the direction of the economy through changes in government taxes or through some…
Open resource →Revision NotesTaxation | Purpose of taxation
A Tax is a financial charge or other levy imposed on an individual or a legal entity by a state or a functional equivalent of a state.Taxes consist of…
Open resource →PresentationFiscal policy Slides
Learn how governments use fiscal policy to manage the economy, including spending, taxation, and policy measures.
Open resource →MindmapFiscal policy Mindmap
Revise the whole of fiscal policy at a glance: the government budget, reasons for spending, taxation, the definition and measures of fiscal policy, and its effects on macroeconomic aims.
Open resource →WorksheetFiscal policy Worksheet
Test your knowledge of fiscal policy with this worksheet. Answer questions on key terms, apply your knowledge to scenarios, and explain economic concepts to earn a total of 40 marks in 45 minutes.
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