Question: ......._ ...J. _......J__-.. ___.- . .. _-__ ......_......._.... -. ..__.' . . ._..- Question 4 Not yet answered Marked out of 4.00 '7 Flag question

......._ ...J. _......J__-.. ___.- . .. _-__ ......_......._.... -. ..__.' .. ._..- Question 4 Not yet answered Marked out of 4.00 '7

Flag question Consider the following stylised business cycle. Identify the phases ofthecycle labelled A, B, C and D. Which of these phases has

......._ ...J. _......J__-.. ___.- . .. _-__ ......_......._.... -. ..__.' . . ._..- Question 4 Not yet answered Marked out of 4.00 '7 Flag question Consider the following stylised business cycle. Identify the phases ofthe cycle labelled A, B, C and D. Which of these phases has the best economic conditions, m which has the worst economic conditions? Question 5 Not yet answered Marked out of 3.00 Flag question Consider the following table that reports government revenues and expenses. Individual taxes 250 Company taxes 125 Transfer payments 200 Indirect taxes 100 Spending on goods and services 260 Non-tax revenue 10 Interest and other payments 60 Calculate the budget balance. Is the budget in deficit or surplus

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