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Fiscal policy

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Question 12

Table 1: Economic Indicators for the Republic of Valeska (2024)

Indicator€ billion
Household consumption155
Government expenditure41
Business investment34
Taxation revenues46
Export value28
Import value31

Using the data in Table 1, explain whether the Republic of Valeska experienced a budget deficit or a budget surplus in 2024.

[2]

Fiscal policy Questions

  1. A Level
  2. /Economics
  3. /Fiscal policy