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Why does inflation decrease but prices continue to go up?

This is a good question and it refers to the difference between deflation and disinflation. Sometimes if inflation is at 2% and it decreases to 1.5% for example, there will still continue to be a general pri...
LB
Answered by Luke B. • Economics tutor
2441 Views

In the UK 7% of children are privately educated compared with 24% in Japan. Evaluate whether the provision of education should be left solely to market forces.

Reasons why it should be left to market forces: • competition in the provision of education can increase choice. Different types of education may be provided => profit motive could make more educational i...
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8814 Views

How do I answer an economics essay question?

Structure: A typical essay should start with an introduction, make 2-4 points, with each point having one paragraph to explain and analyse it and perhaps a separate paragraph to evaluate it, depending on how...
FG
Answered by Finlay G. • Economics tutor
13261 Views

What is the difference between actual output and and potential output?

Actual Output can be defined as the growth in the quantity of goods and services produced in a country, or in other words the percentage chance in GDP. While Potential Output is the change in the productive ...
BC
Answered by Ben C. • Economics tutor
70164 Views

Discuss the view that the measures taken to reduce the size of the budget deficit will inevitably result in a rise in unemployment in the UK.

The budget deficit of the government is the amount that needs to be borrowed in order to allow the government to spend what they want to. The budget deficit can be reduced by either tax increases or a reduct...
CL
Answered by Cameron L. • Economics tutor
10432 Views