Say, Raju is a businessman. Now, like every businessman, Raju is ambitious and curious to know his profit. Hence, he keeps his accounts to calculate his profit.
A super simple thread to help everyone understand the concept of 'Fiscal Deficit' and what happens when government spends more than its receipts. 👇🧵
#fiscaldeficit #economics #financialliteracy
Say, Raju is a businessman. Now, like every businessman, Raju is ambitious and curious to know his profit. Hence, he keeps his accounts to calculate his profit.
👉The Government Receipt (excluding borrowings) > The Government Expenditure, then the difference is called as ‘Fiscal Surplus’.
👉The Government Receipts (excluding borrowings) < The Government Expenditure, then the difference is called as ‘Fiscal Deficit’.
Many people see this in a bad light. But, it is not as bad as it looks. Why so? Lets find out!
More credit would mean businesses would invest more money and there will be increase in employment, output and income.
https://t.co/hf9ucOopdY
A super simple thread to help everyone understand Gross Domestic Product (GDP), Real GDP and Nominal GDP.
— swapnilkabra (@caswapnilkabra) December 25, 2020
Do Bookmark for further use. \U0001f9f5\U0001f447#GDP #Economy #financialliteracy
Let us spread financial literacy!
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