2 Visit the Office for National Statistics and obtain the most recent data you can find on...
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2 Visit the Office for National Statistics and obtain the most recent data you can find on the revenues, outlays, and budget surplus or deficit for the United Kingdom. a Compare the data you obtain with that in Table 25.1. b Is the most recent budget more or less expansionary or than that in Table 25.1? Explain why? c Predict the effects of the most recent budget on real GDP and the price level.
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