Supply-side policies

Identifying which listed levy is a direct rather than indirect charge.

Policy mix raising output and jobs without pushing the price level up.

Fiscal measure open to a government wanting slower price rises.

Whose accumulated net borrowing makes up the national debt.

Recognising a government tool used in industrial strategy.

Tightening option that curbs inflation while protecting future productive capacity.

Work out a hotel room's revised price once the sales tax rate falls.

Explain two influences on the central bank's decisions about interest rates.

Assess whether keeping interest rates extremely low benefits Britain's economy.

Effects of dearer borrowing on capital spending, the gap and household saving.

Identifying the base on which indirect taxation is charged.

When a rate rise aimed at the inflation target may prove ineffective.

Recognising which cut amounts to a loosening of the fiscal stance.

Purpose behind halving the tax charged on company profits.

Short-term outcome of the state borrowing more than before.

Which monetary measure a government could use against falling prices.

Evaluate measures available for raising Britain's trend rate of expansion.

Work out total public expenditure for the year using the welfare figure given.

State two notable contrasts in how public expenditure was divided between the two years.

Explain how tax and spending choices can reshape where activity takes place.

Assess whether a lasting, large rise in public expenditure would help Britain.

Most effective policy for lifting long-term growth once the gap has closed.

Projecting the debt total after spending falls and revenue climbs from last year.

Feature distinguishing progressive levies as earnings decline.

Why the central bank might curb lending to families at full capacity.

Which measure could push both demand and productive capacity outwards together.

Give the meaning of a widening gap where state spending exceeds revenue.