O-LevelEconomicsGovernment and the macroeconomy2281/11 · May/June 2017 · Q221 Mark
The information below refers to an economy for a financial year. government expenditure = $2866 million government revenue = $1940 million What was the budget balance of the government in that year?
A$926 million in deficit
B$4806 million in deficit
C$926 million in surplus
D$4806 million in surplus
✓ Correct answer
A: $926 million in deficit
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Government and the macroeconomy and see which topics are most likely to come up next.
Sign up free →