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Which of the following is included in fiscal policy?
Public Expenditure
Tax
Public Debt
All of these
- Public Expenditure: This is a key component of fiscal policy. It refers to government spending on goods and services, and it influences economic activity.
- Tax: Taxes are another crucial element. They are the means by which a government finances its expenditure by imposing charges on citizens and businesses.
- Public Debt: This involves borrowing by the government to finance deficits if expenditure exceeds tax revenue. It plays a role in fiscal policy decisions.
- All of these: Fiscal policy comprises public expenditure, tax policy, and public debt management to influence the economy.
All of these include elements of fiscal policy.
By: santosh ProfileResourcesReport error
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