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Author Question: If the total expenditure of the UK public sector is 650bn and revenues to the UK public sector are ... (Read 1549 times)

jeatrice

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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.


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Marked as best answer by jeatrice on May 25, 2020

angrybirds13579

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