Government Subsidies for Book Production
Question
Explain why government spending may be greater than tax revenue.
Category:
Government Spending
Frequently asked question
Preview Answer
I. 🍃Introduction
- Brief overview of the topic
II. Causes of low economic activity
- Explanation ➡️1: High spending on benefits due to low incomes and low spending
- Explanation ➡️2: Expansionary fiscal policy to increase demand and raise revenue
III. Government expenditure
- Actual expenditure higher than planned expenditure
- Possible reasons for the discrepancy
IV. Ageing population
- More pressure on pensions and healthcare
- Fewer workers leading to lower tax revenues
V. Government's desire to increase economic activity
- Importance of increasing economic activity
- Possible strategies to achieve this goal
VI. 👉Conclusion
- Summary of the main points
- Implications for the future
Ops... End of preview!
Already purchased Economics Study Pack subscription? Amazing! Click below