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Cambridge IGCSE Economics practice

What is the primary purpose of a government budget?

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Show answerFiscal policy revisionRevise the key idea

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MCQ

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cambridge_mcq

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Topic

Fiscal policy

Exam-style question

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What is the primary purpose of a government budget?.

  1. A.To outline expected revenues and expenditures
  2. B.To set tax rates
  3. C.To determine interest rates
  4. D.To regulate private businesses

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Paper 2 structured question: Fiscal policy

Paper 2Structured Questions1 marks

Description

Government Budget Overview

The government expects to collect $500 billion in taxes and plans to spend $550 billion on various public services and infrastructure projects.

  1. a

    State the expected budget deficit for the upcoming fiscal year.

    Aim for approximately 1 distinct marking point.

    [1]