Match the following economic terms (column A) with their definitions (column B)
| Column A | Column B |
|
Fiscal Deficit |
a) The shortfall in a government's income compared to its spending |
| Primary Deficit | b) The difference between the government’s total income and total expenditure |
| Revenue Deficit | c) The difference between total revenue and total expenditure when the elements considered are only current income and expenditure |
| CAD | d) The fiscal deficit less interest payments on previous borrowings |
1
1-b, 2-d, 3-c, 4-a
2
1-a, 2-c, 3-b, 4-d
3
1-b, 2-d, 3-a, 4-c
4
1-a, 2-c, 3-d, 4-b