Answered: If a government shows the fiscal…

If a government shows the fiscal deficit of $ 40,000 billion the revenue expenditure on the interest payment is $12000 billion how much is the primary deficit?

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter23: Federal Deficits, Surpluses, And The National Debt

Section: Chapter Questions

Problem 8SQP

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Question

If a government shows the fiscal deficit of $ 40,000 billion the revenue expenditure on the interest payment is $12000 billion how much is the primary deficit?

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