Budget the 'sort you would expect to see in wartime', says economist
Interactive Video
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Social Studies, Business
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University
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Hard
Wayground Content
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the current budget deficit as a percentage of GDP, and why is it considered unusual?
10%, because it's typical during peacetime
19%, because it's usually seen in wartime
25%, because it's unprecedented in history
5%, because it's a normal economic cycle
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main challenges faced by the Chancellor in managing the budget?
Increasing military spending
Reducing healthcare costs
Balancing fiscal support with deficit management
Expanding international trade
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which tax is mentioned as having room for increase without significant political risk?
Income tax
Value-added tax
Corporation tax
Inheritance tax
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the most expensive line items in the public finances during the pandemic?
Healthcare spending
Furlough scheme
Education funding
Infrastructure projects
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might the government consider extending the stamp duty holiday?
To reduce public transportation costs
To increase retail sales
To support the housing market
To boost the tourism industry
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