A national government recorded the following revenue and spending in four financial years.
| Financial year | Revenue (£bn) | Spending (£bn) |
|---|---|---|
| 2022 | 840 | 875 |
| 2023 | 910 | 900 |
| 2024 | 960 | 960 |
| 2025 | 995 | 980 |
In which financial year did the government have a budget deficit?
2024
2025
2023
2022
104 exam-style questions on AQA GCSE Economics 2.3 How the government manages the economy, covering 2.3.1a Fiscal policy and income and expenditure, 2.3.1b Fiscal policy and government objectives, 2.3.1c The government budget, 2.3.2a The meaning of monetary policy, 2.3.2b Uses of monetary policy, 2.3.3a Supply-side policies and their trade-offs, 2.3.3b Using supply-side policies, and 2.3.4 Policies to correct positive and negative externalities. Each one has a worked solution and a mark scheme showing where the marks go.