Economics (AS & A Level) · May / June 2025 · Paper 13 · Question 23

The table shows government spending and revenue over a three-year period. | year | government spending ($bn) | government revenue ($bn) | |---|---|---| | 1 | 90 | 100 | | 2 | 110 | 110 | | 3 | 130 | 115 | What can be concluded from the data?

1. AA budget surplus becomes a budget deficit in year 3.
2. BNational debt is likely to be falling by the end of year 3.
3. CThe current account balance is in equilibrium in year 2.
4. DThe economy is at full employment equilibrium in year 2.

As printed in the paper