Scenario 26-1

question 120

Multiple Choice

Scenario 26-1.Assume the following information for an imaginary,closed economy.
GDP = $110,000;consumption = $70,000;private saving = $8,000;national
saving = $12,000.
-Refer to Scenario 26-1.This economy's government is running a

• A) budget surplus of $4,000.
• B) budget surplus of $8,000.
• C) budget deficit of $4,000.
• D) budget deficit of $8,000.