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3.5.2 Budget balance, surplus and deficit

Card 1 of 21

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.

Card 1 of 21

3.5.2 Budget balance, surplus and deficit Flashcards

  1. GCSE
  2. /Economics
  3. /3.5.2 Budget balance, surplus and deficit

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.

Flashcards