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Fiscal policy
Understand the concept of the government budget.
9
Objectives
90
Flashcards
63
Questions
90 min
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CambridgeIGCSEEconomicsGovernment and the macroeconomy
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9 objective pages available
Fiscal policy outcomes9 objectives
- Understand the concept of the government budget.
- Identify the reasons behind government spending, including key areas and their effects.
- Explain the reasons for taxation as the primary source of government revenue.
- Classify different types of taxes, including progressive, regressive, proportional, direct, and indirect taxes.
- Discuss the principles that define a good tax system.
- Analyze the effects of taxation on consumers, producers, the government, and the overall economy.
- Define fiscal policy and its significance.
- Examine fiscal policy measures, including tax and spending changes that affect budget balance, and calculate budget deficits or surpluses.
- Evaluate how fiscal policy can help the government achieve its macroeconomic objectives, without needing to cover aggregate demand and supply.
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