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QUESTION AND ANSWER

Government budget deficits

In this column, David Horner offers guidance on answering examination questions about government spending

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public finances, fiscal policy, methods of government intervention

Government budget deficits, certainly in the UK, seem to exist on a semi-permanent basis. Deciding whether these deficits generate severe problems is not always straightforward. If a deficit is to be reduced, then the solutions are either tax increases or government spending cuts. Here we will look at these methods of reducing a budget deficit through the following long-answer question:

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Brexit and globalisation

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Why do concert ticket prices change?

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