Question 14
MediumOriginal questionThe fiscal deficit is ₹6 lakh crore and GDP is ₹200 lakh crore. The fiscal deficit as a share of GDP is
Show the answer and explanation
CorrectNot quiteAnswer B
Correct answer: B
Explanation
6 ÷ 200 × 100 = 3%.
Deficits are usually reported as a share of GDP, so economies of different sizes can be compared.
- Concept
- Deficit as a share of GDP
- Typical timeTypical
- 70 s
- Your timeYours
- —
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