Consider Three Different Closed Economies with the Following National Income

question 13

Multiple Choice

Consider three different closed economies with the following national income statistics.Country A has taxes of $40 billion,transfers of $20 billion,and government expenditures on goods and services of $30 billion.County B has private savings of $60 billion,and investment expenditures of $40 billion.Country C has GDP of $300 billion,investment of $90,consumption of $180 billion,taxes of $60 billion and transfers of $20 billion.From this information,we know that

• A)country A has the largest government budget deficit.
• B)country B has the largest government budget deficit.
• C)country C has the largest government budget deficit.
• D)The government budget deficit is equal in all three countries.

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Definitions:

Prosocial Behavior

Actions intended to benefit others, such as helping, sharing, or comforting.

Subordinate

An individual who is under the authority or control of another within an organization or hierarchy.

Network

A collection of interconnected individuals or organizations that exchange information, contacts, and experience for professional or social benefit.

Career Advancement

The process of moving up in rank or position within a company or field, often involving gaining additional responsibilities, expertise, and financial benefits.