-In the Above Table, the Government Sector Balance Is a

question 101

Multiple Choice

$$\begin{array} { | l | l | } \hline \text { Component } & \begin{array} { l } \text { Amount } \\\text { (billions of dollars) }\end{array} \\\hline \text { Investment }, I & 700 \\\hline \text { Net taxes, } T & 1,300 \\\hline \text { Government expenditure }, & 1,200 \\G\\\hline \text { Exports, } X & 1,500 \\\hline \text { Imports }, M & 1,700 \\\hline\end{array}$$
-In the above table, the government sector balance is a ________ and net exports is a________ .

• A) deficit of $100 billion; deficit of $200 billion
• B) surplus of $100 billion; surplus of $200 billion
• C) surplus of $100 billion; deficit of $200 billion
• D) deficit of $100 billion; surplus of $200 billion

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Definitions:

Buyers' Value

The maximum amount a buyer is willing to pay for a good or service.

Price Comparison

The process of analyzing and evaluating the prices of similar goods or services across different suppliers or stores.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, indicating the economic benefit to consumers.

Equilibrium Price

The market price at which the quantity of a good supplied equals the quantity demanded, resulting in market balance.