The correct answer is: B) The difference between revenue and expenditure.
Fiscal deficit is the difference between a government’s total revenue and total expenditure during a particular financial year. It is calculated by subtracting the government’s total revenue from its total expenditure. A fiscal deficit occurs when a government’s expenditure exceeds its revenue.
A fiscal deficit can be financed by borrowing from the public, by selling government assets, or by printing money. Borrowing from the public can lead to an increase in the national debt. Selling government assets can lead to a decrease in the government’s wealth. Printing money can lead to inflation.
A fiscal deficit can be used to stimulate the economy during a recession. However, it can also lead to higher interest rates and inflation.
Option A: The amount of revenue collected is called government revenue. It is the total amount of money that the government collects from taxes, fees, and other sources.
Option C: The total investment made by the state is called government investment. It is the total amount of money that the government spends on capital goods, such as roads, bridges, and schools.
Option D: The level of economic growth is the rate at which the economy is growing. It is measured as the percentage change in real gross domestic product (GDP) from one year to the next.