Economics · Fiscal Policy
Which of the following expressions correctly defines the Gross Primary Deficit?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Gross primary deficit = Gross fiscal deficit + Net interest liabilities
- 2Gross primary deficit = Gross fiscal deficit - Net interest liabilities✓
- 3Gross primary deficit = Gross fiscal deficit ÷ Net interest liabilities
- 4Gross primary deficit = Gross fiscal deficit × Net interest liabilities
Correct answer
Gross primary deficit = Gross fiscal deficit - Net interest liabilities
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