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Economics · May / June 2020 · Paper 12 · Question 16

2281Fiscal policy

What is not included in public expenditure?

  1. Acapital spending by firms
  2. Binterest payments on government borrowing
  3. Cinvestment in defence by the central government
  4. Dsubsidies to bus companies from local government

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Correct answer: A. capital spending by firms

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