To all Y13 Economists, as mentioned in the lesson today, here is the essay I want you to complete for homework....
a) In 2000/01 the UK's publc expenditure was 37% of GDP. This is forecast to increase to over 42% of GDP by 2007/8. Examine the likely economc imlications, apart from increased taxation, of this trend.
(20 marks)
b) Assess the economic effects of a significant increase in taxation on the UK economy.
(30 Marks)
For an A* you will need;
make 3 points and 2 evaluative comments for part a)
make 4 points and 3 evaluative comments for part b)
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