ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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spending more than what is taken in
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when your revenue is less then the expenditures
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contributes to the national debt
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all of the above
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Detailed explanation-1: -A deficit occurs when the federal government’s spending exceeds its revenues. The federal government has spent $460 billion more than it has collected in fiscal year (FY) 2023, resulting in a national deficit. $
Detailed explanation-2: -Types of Deficits in India Revenue deficit: Revenue expenditure as reduced by revenue receipts. Fiscal Deficit: Total expenditure as reduced by total receipts except borrowings. Primary Deficit: Fiscal deficit as reduced by interest payments.
Detailed explanation-3: -The following are the formulae for calculating fiscal deficit: Fiscal deficit = Total expenditure-Total receipts (excluding borrowings). Fiscal deficit = (Revenue expenditure + Capital expenditure)-(Revenue receipts + Capital receipts excluding borrowings).
Detailed explanation-4: -The government is facing a deficit of $3 billion. We will reduce the federal budget deficit. The team overcame a four-point deficit to win the game. She has a slight hearing deficit in her left ear. 7 days ago