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Question

Fiscal policy is related with public revenue and public expenditure.


A
True
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B
False
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Solution

The correct option is A True
 Fiscal policy is the use of government revenue collection (taxes or tax cuts) and expenditure (spending) to influence a country's economy.This implies that fiscal policy is used to stabilize the economy over the course of the business cycle. Fiscal policy deals with the taxation and expenditure decisions of the government. Some of the major instruments of fiscal policy are as follows: Budget, TaxationPublic Expenditurepublic revenuePublic Debt, and Fiscal Deficit in the economy.

Economics

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