Economics Department
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Economics Department |
Back to essaysEssay of the week
“Japanese Government increases spending to raise rate of Economic Growth” 1) (a) Why do some economists argue that the Government should use Fiscal policy to increase the level of Aggregate Demand in the Economy 10 marks
(b) Evaluate the arguments that might be raised against this view 10 marks
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2) "Towards the end of the last recession, the gap between the Government’s tax receipts and spending rose to a historically high level" (a) Explain how a recession might cause the described effect on government income and spending 10 marks (b) Analyse the measures a government might take when its expenditure exceeds its income, and consider whether these measures will worsen a recession. 10 marks
3) In recent years, some Governments have relied increasingly on indirect rather than direct taxation in their budgets. (a) Distinguish between these two types of tax 10 marks (b) Discuss the advantages and disadvantages of a switch towards a greater reliance on indirect taxation 10 marks
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