If the total expenditure of the UK public sector is £650 billion and revenues to the UK public sector are £325 billion in a given year, then
A) the UK government will have a budget deficit of £325 billion.
B) the UK general government debt will rise by £325 billion.
C) the UK will have a PSNCR of £325 billion.
D) the UK will have a PSNCR of - £325 billion.
Correct Answer:
Verified
Q6: The excess of the central government's tax
Q7: When a country has a positive public
Q8: The accumulated budget deficit (less any surpluses)
Q9: When a country has a public sector
Q10: If a government had a PSDR for
Q12: When a deficit, surplus or debt is
Q13: Fiscal policy which does not involve any
Q14: Automatic fiscal stabilisers are_that rise and_that fall
Q15: Which of the following is not an
Q16: Which of the following is an automatic
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents