Question

What should be the safe limit of fiscal deficit as a percentage of Gross Domestic Product?

Answer 1

Answer:

Question:

What should be the safe limit of fiscal deficit as a percentage of gross domestic product?

Deficit

Deficit, in other words, means shortage or shortfall. In an economy, one calculates the deficit to ascertain the inefficiency and then act accordingly. Different players in the economy calculates deficit in terms of revenue or production as per the need.

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