Question : The government's borrowing from foreign sources is known as ____________.
Option 1: External debt
Option 2: Public debt
Option 3: Trade deficit
Option 4: Current account deficit
Correct Answer: External debt
Solution : The correct answer is (A) External debt.
When a government borrows from foreign sources, it is known as external debt. External debt represents the amount of money that a government owes to foreign creditors or institutions. It includes loans, bonds, and other forms of borrowing from international entities.
Question : The total amount of money owed by a government is known as:
Question : The government's budget deficit can be financed through ____________.
Question : The difference between a government's total revenue and total expenditure is known as:
Question : If a country receives more income from its foreign investments than it pays to foreign investors, it will have a:
Question : Gross Fiscal Deficit =
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