(Advanced Analysis)Answer the Question on the Basis of the Following $\begin{array} { l } C = 40 + 0.8 Y \\t _ { g } = \overline { I _ { g } } = 40 \\X = \bar { X } = 20 \\M = \bar { M } = 30\end{array}$

question 58

Multiple Choice

(Advanced analysis) Answer the question on the basis of the following information for a private open economy.The letters Y,C,I_g,X,and M stand for GDP,consumption,gross investment,exports,and imports respectively.Figures are in billions of dollars. $\begin{array} { l } C = 40 + 0.8 Y \\t _ { g } = \overline { I _ { g } } = 40 \\X = \bar { X } = 20 \\M = \bar { M } = 30\end{array}$ Refer to the information.This nation is incurring:

• A) a trade surplus.
• B) balance in its international trade.
• C) a trade deficit.
• D) unemployment.

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Definitions:

Poor Information

A situation characterized by inaccuracies, unreliability, or incompleteness of data that affects decisions and outcomes.

Expenditures on Education

The amount of money spent on educational institutions, materials, and programs by individuals, families, and governments.

Future Earnings

The expected amount of money that an individual or entity will receive for its labor or investments in the future.

Chronic Illness

A long-lasting health condition that requires ongoing medical attention or limits daily activities.