Question 2 a) Identify and explain how a government can implement discretionary fiscal policy to overcome an
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Question 2 a) Identify and explain how a government can implement discretionary fiscal policy to overcome an inflationary economy. (6 marks) b) Identify and explain THREE (3) limitations of discretionary fiscal policy. (6 marks) c) The table below provides a country's government outlays and tax receipts from 2010 to 2013. i) Calculate the budget balance for each year. (4 marks) ii) During which years did the country have a balanced budget, budget surplus and budget deficit? (4 marks)
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