Full paper JC 2004 HL
(All of the candidates’ own spelling, punctuation etc. have been retained.)
National Budget, Factors of Production and Trade
(B) Study the following newspaper report and answer the questions that follow: Explain the effects of the closure on
(i) Government Current Income;
(ii) Government Current Expenditure;
(iii) Ireland’s Balance of Trade. (12 marks)
(i) The Government Current Income will decrease, as there will be less PAYE income ta...