Fiscal policy - GCSE Economics
I'm studying for my mocks and revising fiscal policy and it doesn't seem to sit right with me... I don't understand it and there's practically no resources to revise with online.
In my textbook, there's 5 economic objectives and then 'budget deficit' and 'budget surplus' next to them and then increasing/ decreasing taxation/ spending. I don't understand how it all correlates and was wondering if any other GCSE Econ/ A-Level Econ students would be able to break it down for me in an understandable way?
Thanks
In my textbook, there's 5 economic objectives and then 'budget deficit' and 'budget surplus' next to them and then increasing/ decreasing taxation/ spending. I don't understand how it all correlates and was wondering if any other GCSE Econ/ A-Level Econ students would be able to break it down for me in an understandable way?
Thanks
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