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Fiscal policy

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Question 39

Table 1: Government fiscal position for selected nations (2022)

CountryGovernment tax revenue (US$ billion)Government tax revenue as a % of GDPGovernment expenditure (US$ billion)
Brazil42032.4460
Canada51038.6530
Japan92021.81150
South Africa9526.8112
South Korea34020.4385
Turkey16818.2195

Using the data in Table 1, calculate South Korea's GDP in 2022. Give your answer to 1 decimal place and show your working.

[2]
Markscheme

Fiscal policy Questions

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

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.

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