Economics 0455 · IGCSE · Fiscal policy

Fiscal policy — practice question

A government’s revenue rose by $8\%$ to $\$3.25$ trillion, while its expenditure was cut to $\$3.69$ trillion. What conclusion can be drawn from this?

  • Adeficit, increase deficit
  • Bdeficit, reduce deficit
  • Csurplus, increase surplus
  • Dsurplus, reduce surplus

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI