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Economics · May / June 2020 · Paper 11 · Question 17

2281Fiscal policy

When is the budget described as balanced?

  1. Awhen direct taxes and indirect taxes are equal
  2. Bwhen exports and imports are equal
  3. Cwhen government spending and government revenue are equal
  4. Dwhen the demand for money and the supply of money are equal

As printed in the paper

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Correct answer: C. when government spending and government revenue are equal

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