The Table Above Has Information About the U

question 139

Multiple Choice

$$\begin{array} { l l } \text { Variables } & \text { (billions of dollars) } \\\hline \text { Imports of goods and services } & 1,300 \\\text { Exports of goods and services } & 1,500 \\\text { Investment } & 1,900 \\\text { Saving } & 1,200 \\\text { Government expenditure } & 1,000 \\\text { Net taxes } & 1,900 \\\hline\end{array}$$
The table above has information about the U.S.economy.
-The private sector balance is a

• A) $700 billion deficit.
• B) $700 billion surplus.
• C) $2,900 billion deficit.
• D) $2,900 billion surplus.
• E) $400 billion deficit.

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Definitions:

Studying Economics

The academic examination of how societies use resources to produce goods and provide services, including the analysis of production, consumption, and distribution.

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen, essentially what is forfeited when a particular course of action is selected over others.

Attending College

The act of enrolling in and going to a collegiate institution for higher education, often pursued to gain skills, knowledge, and qualifications for future employment.

Annual College Expenses

The total cost of attending a college or university for one academic year, including tuition, fees, room, board, books, and other related expenses.