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BBC interactive map - Budget deficit with questions

Jim Riley

9th September 2009

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The BBC website has come up with another fantastic interactive map, this time showing countries budget deficits before and after the economic crisis. Click read more for some questions on fiscal policy.

1. What is meant by fiscal policy?
2. Explain how a recession can cause a budget deficit.
3. Increasing taxes is the best way to reduce a budget deficit. Do you agree, give reasons for your answer.

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Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.