Macro

Government Budget

Easy

The change in equilibrium output that results from a unit increase or decrease in both taxes and government spending is called.

Balanced budget multiplier

Balanced budget

Balance of payments

Balance of trade

✅ Correct Option: 1

When government spending and taxes are increased by the same amount, the resulting change in equilibrium output is measured by the balanced budget multiplier, whose value is one. Hence a unit increase in both raises output by exactly one unit.

2022: 15 July Shift 2

PM Gati Shakti- National master plan for multi-modal connectivity is an example of:

2022: 10 Aug Shift 2

Given the information in the passage, find out the fiscal deficit :

2022: 19 July Shift 2

Identify Indirect Tax among the following :

2025: 30 May Shift 1

Arrange the steps involved in preparation of the government budget.

(A) Discussion and approval by the parliament.

(B) Preparation of budget by the Ministry of Finance.

(D) Approval by the Cabinet.

Choose the correct answer from the options given below:

2025: 28 May Shift 2

Goods and Service Tax, the single comprehensive indirect tax on all goods and services, extends the principle of one of the following

2026: 12 May Shift 1

Identify the capital expenditure of the government from the following:

The change in equilibrium output that results from a unit increase or decrease in both taxes and government spending is called.

Solution

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