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Pearson Edexcel IAL Economics 2.3.6.1e Balanced government budget

Practise explaining a balanced government budget using revenue and spending evidence, then linking fiscal choices to wider macro effects.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
AS

Exam points

  • use fiscal data or extracts to define a balanced budget as tax revenue matching spending
  • explain how deflationary policy can reduce a deficit but weaken growth or employment

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