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2.1 Introduction to the national economy

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Question 43

A government reports the following annual figures:

ItemAmount
Tax revenue£920bn
Other income£80bn
Government spending£1,120bn

Calculate the amount the government needs to borrow to cover its spending.

[2]
Markscheme

2.1 Introduction to the national economy Questions

  1. GCSE
  2. /Economics
  3. /2.1 Introduction to the national economy

75 exam-style questions on AQA GCSE Economics 2.1 Introduction to the national economy, covering 2.1.1a What an interest rate is, 2.1.1b Interest rates and consumer decisions, 2.1.1c Interest rates, producer decisions and calculations, 2.1.2a UK government revenue and spending, and 2.1.2b Direct, indirect and progressive taxation. Each one has a worked solution and a mark scheme showing where the marks go.

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