Suppose Country a Had Net Taxes of $30 Million and Government

question 90

Multiple Choice

Suppose Country A had net taxes of $30 million and government expenditures of $35 million. In addition, household saving in Country A totaled $5 million while consumption was $80 million. The government of Country A is running a budget ________ and national saving is ________ million.

• A) surplus; $5
• B) deficit; -$5
• C) deficit; $0
• D) surplus; $25

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Definitions:

Dependent

Referring to a variable in experimental and statistical settings that is expected to change in response to manipulations of another variable.

Continuous

A type of data that can take on any value within a given range and can thus represent subtler variances accurately.

Independent Means

Statistical tests that compare the means of two groups that are not connected or related.

Two Groups

In research, the division of subjects into two distinct categories for comparison, often used in experimental designs to evaluate the effect of treatments.