You Have Some Estimates of National Accounts Numbers for a Closed

question 188

Multiple Choice

You have some estimates of national accounts numbers for a closed economy for the coming year.Under one set of expectations,government expenditures will be $30 billion,transfer payments will be $10 billion,and taxes will be $45 billion.Under another set of expectations,GDP will be $200 billion,taxes will be $50 billion,transfer payments will be $20 billion,consumption will be $120 million,and investment will be $40 billion.Based on these numbers in the first case there should be a

• A)$15 billion surplus, and in the second case a $10 billion surplus.
• B)$15 billion surplus, and in the second case a $10 billion deficit.
• C)$5 billion surplus, and in the second case a $10 billion surplus.
• D)$5 billion surplus, and in the second case a $10 billion deficit.

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Definitions:

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology.

Resistance

The act of opposing or standing against something, which can refer to physical opposition, disease immunity, or refusal to accept social norms.

Unconscious Conflicts

Internal struggles, often stemming from childhood, that reside outside of conscious awareness but influence behavior and emotions.

Sigmund Freud

As an Austrian neurologist, he was the progenitor of psychoanalysis, a therapy for mental illnesses facilitated through discussions between a patient and a psychoanalyst.