Answered: 4. Primary fiscal surplus refers to:…

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4. Primary fiscal surplus refers to: a. private savings b. total savings c. public savings d. trade balance

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter31: The Impacts Of Government Borrowing

Section: Chapter Questions

Problem 16CTQ: Assume there is no discretionary increase in government spending. Explain how an improving economy...

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Question

4. Primary fiscal surplus refers to:

a. private savings

b. total savings

c. public savings

d. trade balance

Definition Definition Income earned by a government that is not spent on current expenses, but rather saved for future investments or to pay off debts. It is the difference between government revenue and expenditures, and can be positive or negative.

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