Spec 9EC0
Revise Edexcel A A Level Economics 4.5.1 Public expenditure with the question bank, lessons, revision guides, and flashcards.
a) Distinction between capital expenditure, current expenditure and transfer payments • b) Reasons for the changing size and composition of public expenditure in a global context • c) The significance of differing levels of public expenditure as a proportion of GDP on: • productivity and growth • living standards • crowding out • level of taxation • equality
