CAIE IGCSE Economics 4.2.1 Government budget
Practise defining government budgets, reading revenue and spending tables, and calculating deficits or surpluses from exam data.
- Syllabus
- 2027–2029
- Course
- Economics 0455
Exam points
- calculate a budget deficit or surplus from government revenue and spending data
- distinguish budget forecasts from items not normally included,
- explain likely effects of a rising deficit, including borrowing, debt and inflation
4.2.1—Government budget question 1
[Maximum number: 2]
The food processing, tourism, and education industries all contribute significantly to the government budget for the US state of Wisconsin. The contribution of the education industry is higher than that of other industries due to the higher wages earned in education. This industry also contributes to the population growth of the state. This not only creates private benefits but also external benefits.
Define government budget.
Define government budget.
Government budget is a plan / forecast (1) for government expenditure (1) and government revenue (1)
2
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