ILO:
a) Distinction between capital expenditure, current expenditure and transfer payments
b) Reasons for the changing size and composition of public expenditure in a global context
c) The significance of differing levels of public expenditure as a proportion of GDP on:
o productivity and growth
o living standards
o crowding out
o level of taxation
o equality
a) Distinction between capital expenditure, current expenditure and transfer payments
b) Reasons for the changing size and composition of public expenditure in a global context
c) The significance of differing levels of public expenditure as a proportion of GDP on:
o productivity and growth
o living standards
o crowding out
o level of taxation
o equality
Public expenditure
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Explain the different types of spending.
How will they effect the economy differently?
How does the government spend your money?
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Explain the cause and effect of the UK's national debt figures as a percentage of GDP.
UK public debt - How did it reach £2 trillion?
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Changing Size & Composition of G as a % of AD
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Explain how the population demographic will impact Government spending and the economy of Japan?
How can Japan solve its population problem?
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Assess the importance of reforming the NHS in the UK. (10 marks)
NHS reforms: what was the point and what did we know? - Newsnight
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Related article:
Revealed: Easing austerity could drive £300bn blackhole in Government spending , report claims
Ageing Britain: two-fifths of NHS budget is spent on over-65s
Revealed: Easing austerity could drive £300bn blackhole in Government spending , report claims
Ageing Britain: two-fifths of NHS budget is spent on over-65s
The importance of Government spending
What level of % of AD should G make up in your opinion? Why?
Using Greece & Norway as a case studies, explain how public expenditure as a proportion of GDP can influence the following:
o productivity and growth
o living standards
o crowding out
o level of taxation
o equality
Using Greece & Norway as a case studies, explain how public expenditure as a proportion of GDP can influence the following:
o productivity and growth
o living standards
o crowding out
o level of taxation
o equality
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The Greek Debt Crisis - 5 Minute History Lesson
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Greece’s debt relief plans come at high price for residents
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Norway: Is It The Perfect Economy?
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What It's Like to Pay 50% of Your Income in Taxes
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Revision webinar
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Fiscal Policy: Government Spending
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Greek Economy - Deficit, Debt and Austerity
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