If Planned Aggregate Expenditures Are $240 Billion, Consumption Is $140

question 139

Multiple Choice

If planned aggregate expenditures are $240 billion, consumption is $140 billion, investment is $70 billion, government spending is $50 billion, there is a

• A) trade deficit of $10 billion.
• B) trade surplus of $20 billion.
• C) trade deficit of $20 billion.
• D) trade balance.

---

Definitions:

Cross-Licensing Agreement

An arrangement where two or more parties grant each other rights to intellectual property, often to use patents without suing for infringement.

Legal Tying

Refers to a potentially prohibited practice where a seller requires the purchase of an unwanted item or service in order to buy the desired item.

Fee Simple Absolute

The highest and most complete form of property ownership, granting the owner unlimited rights to the property.

Property Rights

Legal rights to own, use, and dispose of assets, including real estate and personal property.