During Some Year a Country Had Exports of $85 Billion

question 130

Multiple Choice

During some year a country had exports of $85 billion, imports of $60 billion, and domestic investment of $130 billion. What was its saving during the year?

• A)$155 billion
• B)$45 billion
• C)$70 billion
• D)$105 billion

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Definitions:

Total Amount of Interest

The cumulative sum of interest payments over the life of a loan or financial product.

Compounded Semi-Annually

A method of calculating interest where the interest is added to the principal amount twice a year.

Outstanding Balance

The amount of money owed on a loan or credit account that has not yet been paid.

Amortized

The process of paying off a debt through regular payments, where each payment covers both interest and a portion of the principal amount.