An economy experiences a period of sustained, long-term economic growth at its trend rate, yet the government continues to run a budget deficit due to permanent entitlement spending commitments and persistent under-taxation. This deficit is best described as a:
cyclical budget deficit
structural budget deficit
current account deficit
capital account deficit
68 exam-style questions on OCR A Level Economics Fiscal policy. Each one has a worked solution and a mark scheme showing where the marks go.