Economics · May / June 2017 · Paper 11 · Question 19
2281Fiscal policy
The charts relate to the Financial Statement of the government of New Zealand for 2014. What can be concluded?
- AExpenditure on welfare was higher than the combined expenditure on education and health.
- BThe government was $2.8 billion in surplus.
- CThe largest source of the government’s income was from direct taxation.
- DThe number of business corporations was very small.
As printed in the paper
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Correct answer: C. The largest source of the government’s income was from direct taxation.
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