Give the relationship between the revenue deficit and the fiscal deficit.

Quantity Sold TR = P x Q MR = TRn - TRn - 1 AR = 10 0 - - - 1 10 x 1 = 10 10 - 0 = 10 10 2 10 x 2 = 20 20 - 10 = 10 10 3 10...

(a) Fiscal deficit = Revenue receipts + non-debt creating capital receipts – Total expenditure; Budget deficit = Total receipts – Total expenditure

(c) Fiscal deficit minus Interest Payments 

(d) Deficit in taxes

(c) Fiscal deficit is the sum of primary deficit and interest payment.

(d) Fiscal deficit - Interest payments

Revenue Deficit: When revenue receipts are less than the revenue expenditures in a government budget, this shortfall is termed as Revenue Deficit. Revenue Deficit = Revenue Expenditure - Revenue Receipts...

S. No. Fiscal Deficit Primary Deficit 1. It is an excess of all anticipated government expenditure over the anticipated government receipts in the year. It is the difference between fiscal deficit and interest payments. 2. It increases...

(a) (i) Direct Tax-A tax which is paid by the same person on whom it has been levied is termed as Direct Tax. In case of direct tax, burden can...

(i) Revenue Receipts-The receipts which neither create any liability nor lead to any reduction in assets are called Revenue Receipts. Capital Receipts-Capital receipts are receipts that either create liability or reduce...