Re: jnu 2014 discussion

Posted by dhruv on May 12, 2015; 2:45am
URL: http://discussion-forum.276.s1.nabble.com/jnu-2014-discussion-tp7596392p7596870.html

I don't know how to solve 63,64,65. These terms are not defined in standard macro books like Mankiw. From google I found out that,

revenue deficit = actual net revenue - expected net revenue

fiscal deficit     = total revenue  -  total expenditure

primary deficit = fiscal deficit in current year - interest payments on previous borrowings

Yet, I couldn't know for sure how to interpret info given in the question.

Please, help.