5.2.1.3 - Primary Deficit
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Practice Questions
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What is a revenue deficit?
💡 Hint: Look for terms that indicate overspending.
How is a fiscal deficit calculated?
💡 Hint: Think of it as a borrowing situation.
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Interactive Quizzes
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What indicates a revenue deficit?
💡 Hint: Think about what happens when a government spends too much.
Fiscal deficit can be defined as:
💡 Hint: Recall the definition that relates to borrowing needs.
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Challenge Problems
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Calculate the fiscal deficit if the total revenue is $600 billion and the total expenditure is $800 billion.
💡 Hint: Look for the difference between what has been spent and earned.
Discuss how a country might address an ongoing primary deficit.
💡 Hint: Think about both increasing income and decreasing costs.
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