Indian government spending was $305.075 billion in 2011, and total revenues were $194.577 billion (source: WDI). Suppose

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Indian government spending was $305.075 billion in 2011, and total revenues were $194.577 billion (source: WDI). Suppose that government purchases were $217.580 billion, transfer payments, $50.000 billion; and net interest payments, $37.495 billion. Calculate the government deficit and the primary deficit.

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Macroeconomics Policy And Practice

ISBN: 9781292019598

2nd Global Edition

Authors: Frederic S Mishkin

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