Economics · Macroeconomics
Identify the correct statement(s) regarding budgetary deficit: i. Deficit acts as a flow that adds to the stock of the debt. ii. Deficit acts as stock, which is independent of debt. iii. Deficit acts as a burden on the future generation.
- 1Only i and iii✓
- 2Only i
- 3Only i and ii
- 4Only ii
Correct answer
Only i and iii
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