• Fiscal Policy
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  • Explain two reasons for a change in the amount of tax revenue a government receives.
    Change in employment / wages / incomes, Change in spending, Change in demand, Change in profits for imports
  • Identify two benefits people may gain from a good education.
    high income / high living standards, skills / high productivity / high efficiency, better health/better nutrition/avoidance of demerit goods
  • Identify two types of tax.
    Direct (1) Indirect (1) Progressive (1) Proportional (1) Regressive (1)
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