Scenario 13-1 -Refer to Scenario 13-1

question 398

Multiple Choice

Scenario 13-1. Assume the following information for an imaginary, closed economy. $$\begin{array} { l } \text { GDP } = \$ 120,000 ; \text { consumption } = \$ 70,000 ; \text { private savng } = \$ 9,000 \text {; } \\\text { national saving } = \$ 12,000\end{array}$$
-Refer to Scenario 13-1. This economy's government is running a

• A)budget surplus of $3,000.
• B)budget surplus of $6,000.
• C)budget deficit of $3,000.
• D)budget deficit of $6,000.

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Definitions:

\(4e^x\)

An exponential function where the base is Euler's number (e) multiplied by 4, and \(x\) is the exponent.

Simplify

The process of altering an expression to make it easier to understand or work with, often by reducing it to its simplest form.

Simplify

The process of reducing an expression to its simplest form, making it easier to understand or solve.

\(8^x\cdot 8^{x-1}\)

An expression that can be simplified to \(8^{2x-1}\) using the properties of exponents.