When autonomous receipts are less than autonomous payments. The balance of payments is in : Option 1: Surplus Option 2: Deficit Option 3: Balanced Option 4: Equilibrium

The answer is 'Deficit'. View full solution:

CUET Economics - When autonomous receipts are less than autonomous payments. The balance of payments is in : | PYQs + Solutions

CUET Economics 2023 11 June Shift 3

Macro

Easy

Surplus

Deficit

Balanced

Equilibrium

✅ Correct Option: 2

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