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Economics · Oct / Nov 2018 · Paper 12 · Question 17

2281Fiscal policy

When is a government said to balance its budget?

  1. Awhen all goods and services are taxed equally
  2. Bwhen economic growth is the same in all regions of the economy
  3. Cwhen its total income equals its total expenditure
  4. Dwhen total exports equal total imports

As printed in the paper

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Correct answer: C. when its total income equals its total expenditure

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