Question 2 The diagram below has been taken from the recent Outlook of the Office for Budget Responsibility (OBR), published in November 2023. What do you think happened in the financial balances after 2020? Financial balances, UK 2012-2029 Chart 2.19: Sectoral net lending 20 Per cent of GDP 15 10 5 O 5 -10 -15 -20 -25 -30 Discrepancy -Rest of the world - Public -Corporate Source: ONS, OBR - Household 2012 2013 2014 2015 2016 2017 2018 2019

Question 2 The diagram below has been taken from the recent Outlook of the Office for Budget Responsibility (OBR), published in November 2023. What do you think happened in the financial balances after 2020? Financial balances, UK 2012-2029 Chart 2.19: Sectoral net lending 20 Per cent of GDP 15 10 5 O 5 -10 -15 -20 -25 -30 Discrepancy -Rest of the world - Public -Corporate Source: ONS, OBR - Household 2012 2013 2014 2015 2016 2017 2018 2019

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter16: The Influence Of Monetary And Fiscal Policy On Aggregate Demand

Section: Chapter Questions

Problem 6CQQ

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