ECONOMICS
Unit 4: Contemporary macroeconomics
Topic 2: Economic management
Sub-topic A: Demand management policies — fiscal policy
- summarise the sources of government income (direct and indirect taxation, revenue from government enterprises and sale of government assets) and the components of government expenditure (current, capital and transfer payments) in the budget.
Communication skills
- create responses that communicate economic meaning using data, information, graphs and diagrams to suit the intended purpose, and demonstrate order, sequencing and development of ideas using paragraphs and extended responses.