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10 cards from this deck
Managing economy through tax rates & govt spending
Adjusting interest rates to control inflation & exchange rates
Taxes paid directly to govt (e.g., income tax)
Taxes paid when buying goods/services (e.g., VAT)
Money left after tax that can be spent
Tax limited companies pay on profits
Tax based on value of premises (buildings & land)
During slowdowns/high unemployment - cuts taxes/raises spending
Exchange rate rises (pound strengthens)
Govt protects domestic businesses from foreign competition
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