AQA A Level · 7136 · Paper 2: The national and international economy
4.2.5.1 Fiscal Policy: Part 3: Public Finances
Also AQA AS 7135: 3.2.4.2
Everything you need for questions on deficits, debt and fiscal rules, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- Key terms
- Deficits over the cycle
- What affects the size?
- Why the size of deficits and debt matters
- Classic question: does a large national debt matter?
- Fiscal rules and the Office for Budget Responsibility
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- Will the debt explode?
- Sort the policy
- Rises or falls?
- Public finances trainer
- Does debt matter?
- Build the chain
- Exam practice
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