2.2.4 Government expenditure (G) & 2.2.5 Net trade (X-M) - A Level Economics
This double lesson introduces learners to the final two components of aggregate demand - government expenditure (G) and net trade (exports - imports). We start with a recap on investment before looking at different categories of government spending. We then look at some recent examples of how much government has spent as well as the 2021 budget by Rishi Sunak. Students can see the difference between a budget deficit and the national debt. A short exam style question on the increase in tax allowance with a model answer on the following slide.
In the second lesson, we look at net trade and factors which affect the UKs net trade balance. An 8 mark question with a model answer for students to look at for improvements to own answers.
We finish with a true and false quiz and a box plenary.
Colourful, concise and engaging slides!