4.5 Role of the state in the macroeconomy

Italy’s budget deficit for 2023/24 is estimated to be 7.2% of GDP. Its public debt is projected to remain high at approximately 140% of GDP by 2025.

Evaluate the macroeconomic effects of a large fiscal deficit and public debt on a country's economy.

[25]

Italy’s budget deficit for 2023/24 is estimated to be 7.2% of GDP. Its public debt is projected to remain high at approximately 140% of GDP by 2025.

Evaluate the macroeconomic effects of a large fiscal deficit and public debt on a country's economy.

[25]

4.5 Role of the state in the macroeconomy Questions