Principles of Macroeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
7th Edition
ISBN: 9781285165912
Author: N. Gregory Mankiw
Publisher: Cengage Learning
Question
Chapter 13, Problem 6QCMC
To determine

The relation of Government debt to GDP from 2008 to 2012.

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In a government budget the total expenditure is $64,000 billion and a total receipt excluding the borrowing is it $19,000 how much it is the fiscal deficit
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  • From the following data about a Government budget, find out (a) Revenue deficit, (b) Fiscal deficit, and (c) Primary deficit:                                                                            Items                                                (Rs. in crore)             (i) Capital receipts net of borrowings                          95              (ii) Revenue expenditure                                             100             (iii) Interest payments                                                   10             (iv) Revenue receipts                                                    80             (v) Capital expenditure                                                110
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