Top answers

What is the difference between fiscal and monetary policies?

Both fiscal and monetary policies are demand-side policies used by authorities to either boost or decrease the aggregate demand of the economy. Aggregate demand (AD), consisted of consumption (C), investment...
DA
8022 Views

what is the difference between a structural budget deficit and a cyclical one

A structural budget deficit arises irrespective of the business cycle. It will exist whether the economy is in the boom or recession phase of its business cycle: in short, the government is spending beyond i...
SB
Answered by Shanay B. • Economics tutor
16810 Views

Do I have to be good at Maths to achieve good results in IB Economics?

The answer is a definite NO . In the IB course, the focus is really on the basic understanding of different economic theories and how they are applicable in the real world. Only if you take Economics HL woul...
AC
Answered by Ambrose C. • Economics tutor
3037 Views

Must I take Economics for my GCSES before A-levels? If not, will the catching up be difficult?

I did not do A-level Economics, as I did the IB Diploma instead. Having said that, the first few chapters are more or less the same. I also did some self-study on GCSE Economics (though I did not take the ex...
AC
Answered by Ambrose C. • Economics tutor
2219 Views

What is the difference between the current account deficit and the government deficit?

The current account deficit is the term we use to describe the difference between all of the goods and services exported from the UK, and those imported here. It is not an actual account of any person or org...
HF
Answered by Harry F. • Economics tutor
8894 Views