Economics of a Budget (Fiscal) Surplus I A Level and IB Economics
Автор: tutor2u
Загружено: 2019-10-20
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Описание:
In this video we will look at aspects of the economics of countries running a budget or fiscal surplus. A government runs a budget surplus when total tax revenues exceeds government spending in any given year. This is also known as a fiscal surplus. A budget surplus can either be expressed in nominal terms or as a percentage of a nation’s national income (GDP). The budget surplus might be adjusted to take account the effects of the economic cycle.
#aqaeconomics #ibeconomics #edexceleconomics
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