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This course is all about the Government budget, its receipts and expenditure and different budget deficit from class 12 Economics. We at BYJU’S provide Sandeep Garg economics class 12 Solutions to give comprehensive insight about the subject to the students. Free PDF download of Class 12 Macro Economics Chapter 5 - Government Budget and the Economy Revision Notes & Short Key-notes prepared by our expert Economics teachers from latest edition of CBSE(NCERT) books. Hence borrowing in government budget is a fiscal deficit. All the budget needs to be passed by assembly or parliament before implementing it. 1st April to 31st March.. 2. Download the PDF Question Papers Free for off line practice and view the Solutions online. Answer . Students who are in class 12th or preparing for any exam which is based on Class 12 Economics can refer NCERT Macroeconomics Book for their preparation. Government Budget And The Economy - Government Budget - A government budget is a statement showing item wise estimated receipts and estimated expenditures under various heads during a fiscal year which runs from April 1 to March 31. Zigya App. Government Budget and The Economy Important Questions for class 12 economics Concept and Components of Government Budget. Investment and sources of finance are prepared with the objectives of the government. NCERT Solution for Class 12 Macroeconomics Chapter 5 - Government Budget and Economy 6. 1. Consider an economy described by the following functions: C = 20 + 0.80Y, I = 30, G = 50, TR = 100 (a) Find the equilibrium level of income and the autonomous expenditure multiplier in the model. When combined with more than $819 million in settle-up payments for prior fiscal years, the Budget proposes an increased investment of $3.8 billion in schools and community colleges. 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