Contents:
Week 1
4.3.1 definition of the budget 4.3.2 reasons for government spending.
The main areas of government spending and the reasons for and effects of spending in these areas.
4.3.3 reasons for taxation, etc.
to
Week 6
4.6.1 - Definition of economic growth
4.6.2 measurement of economic growth - Real Gross Domestic Product (GDP) and how it can be used to measure economic growth. GDP per head (capita).
4.6.3 causes and consequences of recession - Meaning of recession and how a recession moves the economy within its PPC.
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