Primary deficit is a. Fiscal deficit less interest payments b. Revenue deficit less interest payments c. Fiscal deficit plus interest payments d. Budgetary deficit less borrowings
Primary deficit is a. Fiscal deficit less interest payments b. Revenue deficit less interest payments c. Fiscal deficit plus interest payments d. Budgetary deficit less borrowings
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 7RQ: Based on the national saving and investment identity, what are the three ways the macroeconomy might...
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Question
Primary deficit is
a.
Fiscal deficit less interest payments
b.
Revenue deficit less interest payments
c.
Fiscal deficit plus interest payments
d.
Budgetary deficit less borrowings
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