Economics 2281 · O Level · Fiscal policy

Fiscal policy — practice question

The details below relate to an economy for one financial year. government expenditure $=\;2866$ million government revenue $=\;1940$ million What was the government's budget balance in that year?

  • A$926$ million in deficit
  • B$4806$ million in deficit
  • C$926$ million in surplus
  • D$4806$ million in surplus

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