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Edexcel A Level Economics A:复习笔记2.2.4 Government Expenditure (G)

Category: A-level课程, 教材笔记, 福利干货 Date: 2022年9月27日上午10:08

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Influences on Government Expenditure

Government expenditure is influenced by the trade/business cycle and spending linked to achieving policy aims
- Government expenditure can happen on a local level (e.g., Kent County Council) or a national level (central government)

A Table Explaining the Influence of The Trade Cycle and Policy Aims on Government Expenditure

Influence of The Trade/Business Cycle

Influence of Policy Aims

Unemployment decreases with a booming economy leading to a lower level of means tested benefit payments - and vice versa
Tax revenue increases with a booming economy and can be used to pay back government debt or increase expenditure on public/merit goods - and vice versa

Fiscal Policy is set once a year and announced during the presentation of the Government's budget
Expenditure is directly related to the Government's objectives and policy aims
E.g., A policy aimed at upgrading Britain's Navy requires increased expenditure

转载自savemyexams

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