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3.5.4 Calculate effects of taxes and spending
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Calculating the budget position

Calculating the budget position

The government budget position is revenue minus government spending. A positive answer is a budget surplus, while a negative answer is a budget deficit.

3.5.4 Calculate effects of taxes and spending Lesson

  1. GCSE
  2. /Economics
  3. /3.5.4 Calculate effects of taxes and spending

Step-by-step lessons on OCR GCSE Economics 3.5.4 Calculate effects of taxes and spending. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.

Lessons