Economics · May / June 2017 · Paper 12 · Question 22

The information below refers to an economy for a financial year. government expenditure = $2866 million government revenue = $1940 million What was the budget balance of the government in that year?

1. A$926 million in deficit
2. B$4806 million in deficit
3. C$926 million in surplus
4. D$4806 million in surplus

As printed in the paper