Unit 2 - The UK economy - performance and policies
Institution
PEARSON (PEARSON)
Memorsing content can only take you so far, so use exam questions effectively to prepare yourself for the actual exam. This document will help you do so, it contains exam questions for this spec point. [A Level Economics Edexcel A, Exam Questions]
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Question 1
In 2018, the United States Government cut the corporation tax rate (tax on company profits) from 35% to 21%. Income tax
rates for US citizens were also reduced: for example, the top rate of income tax was cut from 39.6% to 37%.
(Source adapted from: https://www.nytimes.com/)
Evaluate the likely impact of cutting tax rates as a policy to increase economic growth.
[25 marks]
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