CUET Economics 2025 16 May Shift 1 PYQs

Suppose, a laptop has been purchased by Aman, a resident of Delhi from AX computers Pvt Ltd based in Gurugram, Haryana. Which type of GST will be levied on the laptop sold?

The 'Ricardian equivalence' view argued that in the face of high deficits, people save more. It is called 'equivalence' because it argues that taxation and borrowing are equivalent means of ...........

1. Financing expenditure
2. Financing borrowing
3. Financing Taxation
4. Financing deficit

The difference between the government's total expenditure and its total receipts excluding borrowing.