Multiple Choice
Suppose Country A had net taxes of $30 million and government expenditures of $35 million. In addition, household saving in Country A totalled $5 million while consumption was $80 million. The government of Country A is running a budget and national saving is million.
A) surplus; $25
B) deficit; $5
C) deficit; -$5
D) surplus; $5
Correct Answer:
Verified
Correct Answer:
Verified
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