A government begins the fiscal year with a national debt of 850 billion. During the year, the economy experiences a cyclical budget surplus of 12 billion and a structural budget deficit of 35 billion. All other things being equal, what will be the national debt at the end of the fiscal year?
£897\text{\pounds}897£897 billion
£885\text{\pounds}885£885 billion
£873\text{\pounds}873£873 billion
£827\text{\pounds}827£827 billion
245 exam-style questions on AQA A Level Economics 2.5 Fiscal policy and supply-side policies, covering 2.5.1 Fiscal policy and 2.5.2 Supply-side policies. Each one has a worked solution and a mark scheme showing where the marks go.