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Managing the economy

GCSE ECONOMICS: UNIT 12. Managing the economy. Government Tax Revenue & Expenditure. Learning Objectives. Understand how the government collects money from UK citizens Analyse what the government spends its budget on. Step 1: find definitions of the following types of Government Revenues.

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Managing the economy

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  1. GCSE ECONOMICS: UNIT 12 Managing the economy Government Tax Revenue & Expenditure

  2. Learning Objectives • Understand how the government collects money from UK citizens • Analyse what the government spends its budget on

  3. Step 1: find definitions of the following types of Government Revenues • The government collects money (revenue) from UK citizens in a number of ways • Business Rates • Council Tax • VAT • National Insurance • Excise Duties • Corporation Tax • Income Tax

  4. Step 2: Rank the Government Revenues in order of importance (highest earner to lowest earner) • Business Rates • Council Tax • VAT • National Insurance • Excise Duties • Corporation Tax • Income Tax

  5. Step 2: Rank the Government Revenues in order of importance (highest earner to lowest earner)

  6. Plenary: describe this chart in one sentence

  7. Mind-mapping:Government Revenues & Expenditure • Using the materials you have produced and been given (A3 photocopy) produce a mind map illustrating Government Revenues & Expenditure Social Protection Indirect Taxes Gov. revenues & Expenditure Gov. expenditure Gov. revenue Health Direct Taxes

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