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Fiscal policy (Count flow (spending) (Healthcare, Subsidies, Police Force,…
Fiscal Policy
The manipulation of government spending,taxation and government borrowing to influence the level of economic activity.
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Inflow(Taxation)
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V.A.T. - Its is the 20% sales tax/It is a regressive tax because it takes more money from people on low income.
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Types of Fiscal Policy
Expansionary
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Increase in exports - by devaluing the currency and peg it to Chinese yuan/ more money to the economy/increase in real GDP
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Increasing spending on education - Decrease unemployment/Increase standard of living/Increase HDI/ Increases spending
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