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Social Science Clinic => Economics => Topic started by: jeatrice on May 25, 2020

Title: If the total expenditure of the UK public sector is 650bn and revenues to the UK public sector are ...
Post by: jeatrice on May 25, 2020

Question 1

If this year the government collects £250bn in taxes and spends £400bn it must have a
◦ budget deficit of £650bn.
◦ budget surplus of 83%.
◦ budget deficit of £150bn.
◦ budget surplus of £150bn.

Question 2

If the total expenditure of the UK public sector is £650bn and revenues to the UK public sector are £325bn in a given year, then
◦ the UK general government debt will rise by £325bn.
◦ the UK government will have a budget deficit of £325bn.
◦ the UK will have a PSNB of -£325bn.
◦ the UK will have a PSNB of £325bn.

Title: If the total expenditure of the UK public sector is 650bn and revenues to the UK public sector are ...
Post by: angrybirds13579 on May 25, 2020

Answer 1

budget deficit of £150bn.

Answer 2

the UK will have a PSNB of £325bn.

Title: Re: If the total expenditure of the UK public sector is 650bn and revenues to the UK public sector a
Post by: Daniel Amigo on May 3, 2021

Thank You

Title: Re: If the total expenditure of the UK public sector is 650bn and revenues to the UK public sector a
Post by: Rajbir Singh on Aug 13, 2021

thank you