Question 14 marks
Not finished
| Year | Revenue ($bn) | Spending ($bn) |
|---|---|---|
| 1 | 140 | 150 |
| 2 | 165 | 155 |
Using the data, calculate the budget balance in each year and what happened to national debt, other things equal [4]
Practice Questions · 9708
Government Macroeconomic Intervention
Original StepsToConquer questions written in CAIE style. These are practice questions, not past Cambridge examination questions.
Your answer
Write in full sentences. Use the context or data, make each relationship explicit, and include a reasoned judgement where the command word requires one.