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How is the government’s budget position calculated?
A
Budget rules are usually written over several years rather than one year.
B
Revenue - spending.
C
A budget surplus.
D
A financial year, from April to the following March.
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3.5.2 Budget balance, surplus and deficit Flashcards
21 flashcards on OCR GCSE Economics 3.5.2 Budget balance, surplus and deficit: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.