Economics · Fiscal Policy and Union Budget
Effective Revenue Deficit (ERD) is mathematically defined as equal to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Revenue Deficit minus Grants-in-Aid for Creation of Capital Assets✓
- 2Capital Expenditure plus Grants-in-Aid for Creation of Capital Assets
- 3Primary Deficit plus Interest Payments
- 4Revenue Deficit minus Interest Payments
Correct answer
Revenue Deficit minus Grants-in-Aid for Creation of Capital Assets
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