Economics 2281 · O Level · Fiscal policy

Fiscal policy — practice question

The charts concern the Financial Statement of the government of New Zealand for 2014. What conclusion can be drawn?

  • AExpenditure on welfare was higher than the combined expenditure on education and health.
  • BThe government was $2.8 billion in surplus.
  • CThe largest source of the government’s income was from direct taxation.
  • DThe number of business corporations was very small.

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