Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please explain how the primary deficit and public sector deficit formulas were derived? what are the formulas? please give good presentations and clear step by

Please explain how the primary deficit and public sector deficit formulas were derived? what are the formulas? please give good presentations and clear step by step explanation, if not please do not take the question, thank you.

image text in transcribedimage text in transcribed
GDP: 400 Government consumption: 100 Transfers: 80 Government investment: 12 Government net interest payments: 8 Government production: 40 Tax revenue: 180d) The primary deficit 100+12+80-180 = 0.03 = 3% 400 e) The public sector deficit G+I + Tr - T+ iD 100 + 12 + 80 - 180 + 8 = = 0.05 = 5% Y 400

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Personnel Administration And Labor Relations

Authors: Norma M Riccucci

1st Edition

1317461754, 9781317461753

More Books

Students also viewed these Economics questions

Question

What is the pH of a solution when [H+] is 9.04 1013 M?

Answered: 1 week ago

Question

Explain the importance of Human Resource Management

Answered: 1 week ago

Question

2. It is the results achieved that are important.

Answered: 1 week ago