Economics 2281 · O Level · Fiscal policy

Fiscal policy — practice question

In 2016, the Indonesian government stepped up spending on healthcare and education and also looked at increasing the school leaving age. It likewise intended to raise taxation. That decision could clash with its objective of cutting unemployment, at a moment when several countries were in danger of sliding into recession.
(a)[2]

Identify any two tax categories.

(b)[4]

Explain two advantages to a government when unemployment falls.

(c)[6]

Analyse, using a production possibility curve (PPC) diagram, the consequences of high unemployment in a country.

(d)[8]

Discuss whether a government should increase the school leaving age.

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