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3.5 Fiscal policy

3.5 Fiscal policy

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Question 1

Figure 1 shows a government budget deficit of £45 billion in Year 2 and a budget surplus of £10 billion in Year 4. image

Using Figure 1, calculate the change in the government budget balance between Year 2 and Year 4.

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Markscheme

3.5 Fiscal policy Questions

  1. GCSE
  2. /Economics
  3. /3.5 Fiscal policy

30 exam-style questions on OCR GCSE Economics 3.5 Fiscal policy, covering 3.5.1 Government spending and revenue, 3.5.2 Budget balance, surplus and deficit, 3.5.3 What is fiscal policy, 3.5.4 Calculate effects of taxes and spending, 3.5.5 Analyse effects of taxes and spending, 3.5.6 Costs and benefits of fiscal policy, and 3.5.7 Redistributing income and wealth. Each one has a worked solution and a mark scheme showing where the marks go.

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