You Have Two Sets of Estimates of National Account Numbers

question 122

Multiple Choice

You have two sets of estimates of national account numbers for a closed economy for next year.In the first set,government expenditures will be $30 billion,transfer payments will be $10 billion,and taxes will be $45 billion.Under the second set,GDP will be $200 billion,taxes will be $50 billion,transfer payments will be $20 billion,consumption will be $120 billion,and investment will be $40 billion.Based on these numbers,what are the respective estimated results?

• A) $15 billion surplus and a $10 billion surplus
• B) $15 billion surplus and a $10 billion deficit
• C) $5 billion surplus and a $10 billion surplus
• D) $5 billion surplus and a $10 billion deficit

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Definitions:

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