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3.5 Fiscal policy

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Question 21

Inflation in a country is well above the government's target.

Which change in fiscal policy would help to bring inflation down?

[1]
A

Cutting the basic rate of income tax

B

Increasing Universal Credit payments to households

C

Raising interest rates for all borrowers

D

Cutting planned spending on new roads

Markscheme

3.5 Fiscal policy Questions

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

76 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.

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