A fiscal deficit:
A. represents the borrowing of the government.
B. is the difference between total expenditure and total receipts of the government.
C. is the difference between total expenditure and total receipts other than borrowing.
D. increases the future liability of the government
Answer:B
A fiscal deficit:
A. represents the borrowing of the government. B. is the difference between total expenditure and total receipts of the government. C. is the difference between total expenditure and total receipts other than borrowing. D. increases the future liability of the government