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16378591
fiscal policy
Description
how contractionary and expansionary fiscal policy is used to help the economy
No tags specified
economics
gcse
Mind Map by
Ella Kuwornu
, updated more than 1 year ago
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Created by
Ella Kuwornu
over 5 years ago
16
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Resource summary
fiscal policy
fiscal policy is the use of taxation and government spending to influence the level of economic growth
goverment spending
pensions :the government pays out to those over the retirement age if they have contributed to NI
healthcare(18% of spending)
welfare (14% of spending) includes protecting society and spending on family and children e.g child benefit,unemployment and housing benefit
education(11% of spending)
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