Use the Following to Answer Questions

question 82

Multiple Choice

Use the following to answer questions:
Scenario: Closed Economy S = I
GDP is $12 trillion this year in a closed economy. Consumption is $8 trillion and government spending is $2 trillion. Taxes are $0.5 trillion.
-(Scenario: Closed Economy S = I) Look at the scenario Closed Economy S = I. What is the government budget balance?

• A)a surplus of $1.5 trillion
• B)a deficit of $1.5 trillion
• C)a surplus of $0.5 trillion
• D)a deficit of $0.5 trillion

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Definitions:

Personality

A unique combination of emotional, attitudinal, and behavioral response patterns of an individual, distinguishing one person from another.

Neuroticism

A personality trait characterized by sadness, moodiness, and emotional instability.

Divorce

The legal dissolution of a marriage by a court or other competent body.

Conscientiousness

A characteristic of personality that is marked by being well-organized, reliable, and having a profound sense of responsibility.