Skip to content

Course home

3.5 Fiscal policy

3.5 Fiscal policy

EasyMediumHard
12345678910
Question 4

The pre-tax price of some goods is £600 and VAT is charged at 20%. A household also buys £200 of zero-rated goods. What is its total spending including VAT?

[1]
A

£920

B

£960

C

£1,000

D

£1,120

Markscheme

3.5 Fiscal policy Questions

  1. GCSE
  2. /Economics
  3. /3.5 Fiscal policy

30 exam-style questions on OCR GCSE Economics 3.5 Fiscal policy, covering 3.5.1 Government spending and revenue, 3.5.2 Budget balance, surplus and deficit, 3.5.3 What is fiscal policy, 3.5.4 Calculate effects of taxes and spending, 3.5.5 Analyse effects of taxes and spending, 3.5.6 Costs and benefits of fiscal policy, and 3.5.7 Redistributing income and wealth. Each one has a worked solution and a mark scheme showing where the marks go.

Question bank