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Economics · May / June 2021 · Paper 11 · Question 18

2281Fiscal policy

A government's revenue grew 8% to $3.25 trillion. Its expenditure was reduced to $3.69 trillion. What can be concluded from this?

  1. Adeficit / increase deficit
  2. Bdeficit / reduce deficit
  3. Csurplus / increase surplus
  4. Dsurplus / reduce surplus

As printed in the paper

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Correct answer: B. deficit / reduce deficit

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