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    5. The fiscal deficit is the difference between the government’s total expenditure and its total

    Question

    The fiscal deficit is the difference between the

    government’s total expenditure and its total receipts excluding ______
    A Interest Correct Answer Incorrect Answer
    B Taxes Correct Answer Incorrect Answer
    C Spending Correct Answer Incorrect Answer
    D Borrowings Correct Answer Incorrect Answer

    Solution

    The fiscal deficit is the difference between the government’s total expenditure and its total receipts excluding borrowings.

    Practice Next
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