The economies across the world have undertaken massive use of “Above-the-line” fiscal policy measures, the full cost of which reflects in the fiscal deficit and government debt. Which of the following are the “Above-the-line” fiscal measures?
1. Spending on unemployment benefits
2. Tax relief measures
3. Special Credit Facility to Street Vendors
Select the correct answer using the code given below.
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3