Economics · Macroeconomics
Consider the following statements regarding government deficits and budgets: 1. Revenue deficit implies government borrowing for consumption expenditure. 2. Fiscal deficit equals total expenditure minus total receipts excluding borrowings. 3. Primary deficit excludes interest payments from the fiscal deficit. 4. Capital receipts either create liabilities or reduce assets. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 4 only
- 22 and 3 only
- 31, 2, 3, and 4✓
- 41, 2, and 4 only
Correct answer
1, 2, 3, and 4
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