If Net Exports Is a Negative Number, the Government Sector

question 339

Multiple Choice

If net exports is a negative number, the government sector must________ if the private sector is in a ________ .

• A) run a deficit; surplus
• B) The statement errs because the accounts are not related.
• C) run a surplus; surplus
• D) equal zero; deficit

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Definitions:

George Herbert Mead

A significant figure in the development of symbolic interactionism, focusing on the role of communication in the social construction of the self.

Looking-Glass Self

A social psychological concept that suggests people shape their self-concepts based on their understanding of how others perceive them.

Interpret Others' Reactions

The process of understanding and analyzing the emotional and behavioral responses of others in social interactions.

Looking-Glass Self

A concept that suggests an individual's self-concept is based on how they believe others perceive them.