HSC Together Year 12 Economics: Federal Government Budgets and Budget Outcomes

Economics

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Federal Government Budgets and Budget Outcomes

Fiscal policy refers to the use of federal government budgets to influence the level of economic activity in the economy, influence resource allocation and redistribute income.

There are three possible budget outcomes:

  • Balanced
  • Deficit
  • Surplus

Watch the video to learn more about federal government budgets and budget outcomes in HSC Economics:

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