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EnglandEconomicsQuick questions
Theme 4: A global perspective
Quick questions on Public finances and policies: taxation, the budget deficit and national debt - Edexcel A-Level Economics A
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
Distinguish between a budget deficit and the national debt. [3 marks]
What is q2?Show answer
Explain why VAT is described as a regressive tax. [3 marks]
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