Note: Questions 3 and 4 should be answered using Case Study II (The road to recovery: how the UK Government's financial packages have helped Scottish firms hit by the COVID-19 pandemic come back after lockdown).

Question 3

Describe the types of fiscal policy, using concepts from Block 5, Reading 41. Identify the kind of fiscal policy that the UK Government has adopted to address the challenges of COVID-19, using concepts from Block 5, Reading 41 and evidence presented in Case Study II.(25 marks)

Question 4

Analyse the expected economic impacts of the UK Government's fiscal support measures on the Scottish business sectors, using information from Case Study II and the different types of fiscal policies discussed in question 3.(20 marks)