Economics 9708 · AS & A Level · Fiscal policy

Fiscal policy — practice question

The table presents details of a government’s budget for two years. 2012/13 government revenue $2 630 000m; government spending $3 000 300m. 2013/14 government revenue $3 730 000m; government spending $3 770 000m. What change took place in government finances between 2012/13 and 2013/14?

  • AThe annual budget deficit rose.
  • BThe annual budget surplus fell.
  • CThe national debt fell.
  • DThe national debt rose.

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