Suppose That a Country's Government Expenditures Are $400 Billion, Net

question 114

Multiple Choice

Suppose that a country's government expenditures are $400 billion, net taxes are $300 billion, saving is $300 billion, and investment is $250 billion. This country has a government budget

• A)surplus and a private sector surplus.
• B)surplus and a private sector deficit.
• C)deficit and a private sector surplus.
• D)deficit and a private sector deficit.
• E)surplus and a private sector balance.

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