Economics (AS & A Level) · May / June 2026 · Paper 12 · Question 23

An economy has a GDP of $500 billion.The budget surplus is 2% of GDP. What is the government spending when the tax revenue is $80 billion?

1. A$60 billion
2. B$70 billion
3. C$80 billion
4. D$90 billion

As printed in the paper