Sunday, August 10, 2014

MEANING OF FISCAL DEFICIT AND CURRENT ACCOUNT DEFICIT

Fiscal deficit is the difference between the government's expenditures and its revenues (excluding the money it's borrowed). A country's fiscal deficit is usually communicated as a percentage of its gross domestic product (GDP)

 A measurement of a country's trade in which the value of goods and services it imports exceeds the value of goods and services it exports. IS CALLED CAD

No comments:

Post a Comment