From the following data about a government budget, find a) Revenue Deficit, b) Fiscal Deficit and(c) Primary Deficit 1) Tax revenue $50 2) Revenue expenditure $110

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter30: Government Budgets And Fiscal Policy
Section: Chapter Questions
Problem 1SCQ: When governments run budget deficits, how do they make up the differences between tax revenue and...
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ECONOMICS
From the following data about a government budget, find
a) Revenue Deficit, b) Fiscal Deficit and(c) Primary Deficit
1) Tax revenue
$50
2) Revenue expenditure
$110
3)Capital expenditure
$210
4) Non-tax revenue
$30
5) Capital receipts net of borrowing
$140
6) Interest payments
$20
Transcribed Image Text:ECONOMICS From the following data about a government budget, find a) Revenue Deficit, b) Fiscal Deficit and(c) Primary Deficit 1) Tax revenue $50 2) Revenue expenditure $110 3)Capital expenditure $210 4) Non-tax revenue $30 5) Capital receipts net of borrowing $140 6) Interest payments $20
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