-The Above Table Gives Data for the Nation of Sueland

question 466

Multiple Choice

-The above table gives data for the nation of Sueland. What is the government sector balance?

• A) $1,772 billion
• B) $32 billion
• C) -$43 billion
• D) -$32 billion

---

Definitions:

Output

The quantity of goods or services produced by a firm or economy.

Total Revenue Curve

A graphical representation that shows how total revenue changes as the quantity sold of a good or service changes, holding all other factors constant.

Marginal Revenue

The increase in revenue that results from the sale of one additional unit of output.

Price Elasticity

A gauge for assessing how changes in price affect the supply or demand volumes of a product.