A-level
Economics A-level:
Taxation and Government Spending
Learn It
Check you know the main principles by reviewing the list of different topic areas, either click on the topic heading to quick learn the whole topic or pick individual principles to brush up.
Taxation and Government Spending
Some basic principles of taxation
- Why do governments impose taxes?
- What is the definition of a 'good' tax?
- Direct and indirect taxes
- Progressive, regressive and proportional taxes
Taxation in the UK
Some key tax issues
- Is the UK tax system progressive or regressive?
- The move from direct to indirect taxation
- Is the UK a heavily taxed country?
- The Laffer curve
- Poverty and unemployment traps
Government spending in the UK
- Some definitions
- Why do we need government expenditure?
- Where is the money spent?
- Is the UK a big spender?
The Public Sector Net Cash Requirement (PSNCR)
Test It
Now you have learnt the main principles, test yourself with these sample questions. If you get stuck, go back and review the principle again.
Revise It
Print these out and carry them with you!