Q&A: What is fiscal retrenchment?

Fiscal retrenchment is a term that you are going to hear a lot more about in the coming years. In short it means that a government has to introduce deflationary fiscal measures designed to reduce the amount of borrowing and debt that has been run up during the downturn and economic/financial crisis.

http://www.tutor2u.net/blog/index.php/economics/comments/qa-what-is-fiscal-retrenchment/#extended

Q&A: Which indirect taxes give the government to most revenue?

There are many other indirect taxes and our chart below highlights six of them. As you can see the flow of tax revenue from indirect taxes on tobacco provides a very important source of money for the UK government. Together these six indirect taxes add nearly £20 billion annually into the government’s coffers.

http://www.tutor2u.net/blog/index.php/economics/comments/qa-which-indirect-taxes-give-the-government-to-most-revenue/

Q&A: Why when base rates change does it cause other interest rates to also change?

There is no guarantee that a change in base rates will cause all other interest rates to move too. That depends on the commercial decisions taken by the banks, building societies and other financial institutions.

http://www.tutor2u.net/blog/index.php/economics/comments/qa-why-when-base-rates-change-does-it-cause-other-interest-rates-to-also-ch/

Q&A - why is youth unemployment so high?

Youth unemployment rates are typically higher than for the rest of the working population. Nearly 4 people out of 10 who are unemployed are aged between 16 and 24. And as our chart shows over 100,000 young people have been out of work for over a year, a figure that has doubled since 2002 although it is much lower than it was when the UK economy was coming out of recession in the early 1990s.

http://www.tutor2u.net/blog/index.php/economics/comments/qa-why-is-youth-unemployment-so-high/

Q&A - what is the acclerator effect?

This is related to Fiscal policy and the multiplier effect.
http://www.tutor2u.net/blog/index.php/economics/comments/qa-what-is-the-accelerator-effect/

Notes on the multiplier and accelerator
http://portal.kings-ely.cambs.sch.uk/Senior%20School/Departments/Economics/Pupils/Document%20Library/Year%2012%20Economics/Module%202%20-%20Macro%20Economics/OCR%20Unit%20F582%20tutor2u%20notes/Multiplier%20and%20Accelerator%20Effects.pdf

Q&A - why do some countries have a current account surplus?

Tutor2u looking at the reasons why some countries export more than they import.
http://www.tutor2u.net/blog/index.php/economics/comments/qa-why-might-a-country-have-a-sustained-surplus-on-their-current-account/

Q&A - how do you correct a current account deficit?

Tutor2u Q&A looking at what the government can do to correct a large current account deficit.
http://www.tutor2u.net/blog/index.php/economics/comments/qa-to-correct-a-large-current-account-deficit-what-can-the-government-do/

Q&A - is roadbuilding an effective way of reducing unemployment?

Tutor2u Q&A: To what extent would a major road building project by the government be an effective way for the government to tackle unemployment?
http://www.tutor2u.net/blog/index.php/economics/comments/qa-is-roadbuilding-an-effective-way-of-reducing-unemployment/#extended