O-LevelEconomicsGovernment and the macroeconomy2281/12 · Oct/Nov 2018 · Q171 Mark
When is a government said to balance its budget?
Awhen all goods and services are taxed equally
Bwhen economic growth is the same in all regions of the economy
Cwhen its total income equals its total expenditure
Dwhen total exports equal total imports
✓ Correct answer
C: when its total income equals its total expenditure
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