-The Table Above Gives Some of the Entries in the National

question 172

Multiple Choice

-The table above gives some of the entries in the national income and product accounts. The government sector has a , and the private sector has a .

• A) deficit of $50 billion; surplus of $25 billion
• B) surplus of $50 billion; surplus of $25 billion
• C) surplus of $50 billion; deficit of $25 billion
• D) deficit of $50 billion; deficit of $25 billion

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Definitions:

Opportunity Cost

Forgoing possible gains from alternative choices when one path is taken.

Opportunity Cost

The expense incurred by not selecting the next most favorable choice while making a decision.

Nigerian Worker

An individual employed in Nigeria, contributing to the country's workforce across various economic sectors, often facing unique labor market conditions.

Romanian Worker

Refers to an individual from Romania engaging in employment, often highlighting the migration aspect in the context of European labor markets.