(a)[8]
Explain the difference between a budget surplus and a budget deficit and assess how far a budget surplus is better than a budget deficit.
(b)[12]
Assess whether expansionary fiscal policy always benefits an economy.
Economics 9708 · AS & A Level · Fiscal policy
Fiscal policy — practice question
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “AO1 Knowledge and understanding (max 3): Demonstrates knowledge and understanding of a government budget.” …
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