O-LevelEconomicsGovernment and the macroeconomy2281/11 · May/June 2021 · Q181 Mark
A government's revenue grew 8% to $3.25 trillion. Its expenditure was reduced to $3.69 trillion. What can be concluded from this?
Adeficit, increase deficit
Bdeficit, reduce deficit
Csurplus, increase surplus
Dsurplus, reduce surplus
✓ Correct answer
B: deficit, reduce deficit
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