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What is a Fiscal Deficit?

11. What is a Fiscal Deficit?

1. When expenses exceed revenue and indicate the financial health of a country
2. Shortage of funds with the government to maintain its day-to-day affairs
3. The shortfall in a government's income compared with its spending
4. Difference between the current year's fiscal deficit and interest payment on previous borrowings

Answer: C) The shortfall in a government's income compared with its spending

Explanation:

A Fiscal Deficit is a setback in an administration's pay contrasted and its spending. The public authority that has a monetary shortfall is spending too far in the red. A Fiscal Deficit is determined as a level of (GDP), or just as complete dollars spent in abundance of pay. Regardless, the pay figure incorporates just assessments and different incomes and bars cash acquired to make up the deficit.