Consider Three Different Closed Economies with the Following National Income

question 13

Multiple Choice

Consider three different closed economies with the following national income statistics.Country A has taxes of $40 billion,transfers of $20 billion,and government expenditures on goods and services of $30 billion.County B has private savings of $60 billion,and investment expenditures of $40 billion.Country C has GDP of $300 billion,investment of $90,consumption of $180 billion,taxes of $60 billion and transfers of $20 billion.From this information,we know that

• A)country A has the largest government budget deficit.
• B)country B has the largest government budget deficit.
• C)country C has the largest government budget deficit.
• D)The government budget deficit is equal in all three countries.

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Definitions:

Dryness

A condition characterized by a lack of moisture in an area of the body, commonly affecting the skin, eyes, or mouth.

Nasal Septum

The cartilage and bone that divides the nasal cavity into two nostrils, which can be deviated or straight.

Speculum

A medical instrument used to dilate an orifice or cavity for examination purposes, such as during a gynecological exam.

Otoscope

A medical device used to look into the ears, allowing for the examination of the ear canal and tympanic membrane.