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Name three government departments
Department of Health/ Department of Education/ Department of Finance/ Department of Social/ Protection /Department of Transport/ ETC
Why should we evaluate media sources carefully?
Media can be biased and influence opinions.
Which policy can help protect the environment?
Carbon tax.
What is inflation?
A general increase in prices.
How can government policy benefit society?
Increased employment / improved health.
What is one negative impact of government policy on businesses?
Increased costs / reduced profits.
How can government policy help businesses?
Grants, supports, or encouraging new start-ups.
Give one negative impact of government policy on households.
Higher taxes / higher interest rates.
Give one positive impact of government policy on households.
Higher standard of living / better public services
Who benefits from increased government spending on healthcare?
Individuals and society.
Give one example of infrastructure.
Roads / hospitals / schools / public transport.
What does redistributing wealth mean?
Using taxes and welfare to reduce the gap between rich and poor.
Why does the government aim to promote economic growth?
To create jobs and increase incomes.
Name one aim of government economic policy.
Economic growth / employment / redistributing wealth / developing infrastructure / regional development.
Give one example of fiscal policy.
Increasing taxes / government spending / reducing VAT.
Which policy deals with interest rates and money supply?
Monetary policy.
Which policy deals with tax and government spending?
Fiscal policy.
What are the two main types of government economic policy?
Fiscal policy and monetary policy.
What is an economic policy?
A plan or decision made by the government to influence the economy.
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