Government borrowing
What Government borrowing means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Government borrowing
Check what you remember
Read the wording for your board, then hide it and explain Government borrowing in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Usually increases during a recession because tax revenues fall, while expenditure on welfare benefits rises.
Topics that use Government borrowing
- The economic cycle (Pearson Edexcel A-Level)
Related terms
Using Government borrowing in the exam
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