Question 1
When a deficit, surplus or debt in the UK is referred to as 'general government' this means it concerns
◦ the public sector.
◦ all parts of government - central, local and devolved.
◦ central government only.
◦ the governments of the four nations in the UK.
Question 2
Which of the following is NOT an automatic stabiliser?
◦ Tax credits
◦ Unemployment benefit
◦ Government expenditure on road building programmes
◦ VAT receipts