Suppose Country a Had Net Taxes of $30 Million and Government

question 139

Multiple Choice

Suppose Country A had net taxes of $30 million and government expenditures of $35 million. In addition, household saving in Country A totalled $5 million while consumption was $80 million. The government of Country A is running a budget and national saving is million.

• A) surplus; $25
• B) deficit; $5
• C) deficit; -$5
• D) surplus; $5

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Definitions:

Glum

A mood of feeling sad, depressed, or despondent.

Basic Styles

Refers to the foundational approaches or methods adopted in various disciplines or practices.

Temperament

An individual's innate predisposition towards patterns of emotion and behavior.

Slow-To-Warm-Up

A temperament style where individuals are cautious, reserved, and need time before adapting to new situations or changes.